Beef Report: Prices offered this week reduced by a further 5 cents/kg

The question that most finishers will be asking themselves is how much further is the erosion of their returns likely to go before bottoming out for the 2021 Autumn season

This HEX heifer calf 30 days old sold for €240 at Cashel Mart on Saturday. Picture James Treacy.

As the lift in the supply of cattle to the factories is maintained, easing the pressure for intake, the processors are continuing to claw back some of the increase over recent months in the return to producers.

It is known in the 'trade' as the 'seasonal adjustment' to the price paid for stock coinciding each year with the increase in supply leading up to the peak intake weeks of Autumn as the grass-finished cattle come through.