Factory trade: Beef prices are cushioning the rising production costs
Two February '20 Hereford-cross bullocks with an average weight 598kg sold for €1,280 each at a sale in Kilmallock Mart. Picture: O'Gorman Photography.
Such is the accelerating market demand driving the prices forward that beef finishers are finding themselves almost in the same league as the Arabian oil tycoons with the world demand chasing their production.
It is not all that long ago that chasing a return of €5/kg for beef animals would have been more of a pipe dream than a possibility, and this week close to the benchmark has become near the norm than an aspiration.
