Beef market report: Beef price still falling despite reduced supply

The downward trend in prices at the beef factories has continued, with a further reduction of 5 cents/kg in this week’s quotes.

The third consecutive week of falling prices has wiped more than €100 per head, on average, off beef cattle sales, in the aftermath of Brexit.

While some seasonal adjustment in price, as soon as the intake of cattle increased with supplies coming off grass, was likely, it has been compounded by the drop in the value of sterling following the British referendum decision.