Beef markets: Prices up 5c/kg as demand for beef grows

For the third consecutive week, the factory prices have hardened with an additional five cents/kg being added for the prime beef animals for this week.

There has been further hardening of the beef prices at the factories for this week, as the tightening balance between supply and demand continued to put pressure on the processors to source sufficient stock to meet their requirements.

Credit where credit is due, the major processors have developed strong markets with the support of Bord Bia for Irish beef, and the proof of that is clearly seen in the demand for cattle at the factories.