Further cuts on the cards for Irish beef producers

Finishers who had targeted the early summer market for cattle have been very badly burned, writes market commentator Martin Ryan.
Further cuts on the cards for Irish beef producers

Finishers who had targeted the early summer market for cattle have been very badly burned.

The unrelenting downward pressure on the beef prices at the factories is continuing for the supplies being delivered this week with a further cut of 5c/kg across all prime categories of animals.

Suppliers are hoping that "a shade more interest" by the factory agents in sourcing cattle this week may be enough to signal that the pressure on prices may be about to bottom out.

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