Tight supplies and strengthening demand 'turn the tide' for beef farmers
Based on Bord Bia projections, there will be 70,000 fewer cattle between now and year-end available to factories with supplies also predicted to be tight in the UK and EU markets over the coming months.
The tightening of supplies of factory-fit cattle and strong market demand has forced factories to increase prices this week, Irish Farmers' Association livestock chairman Declan Hanrahan has said.
According to Mr Hanrahan, the "tide has now turned" following a number of factories "taking advantage of stronger than expected supplies of cattle to reduce prices due to the weather difficulties faced by farmers".
