Stephen Cadogan: Cheap grain prices could backfire on Irish beef and dairy farmers
We import about two thirds of our cereal requirements for both animal feed and human food, and the USA has traditionally been a major supplier to the Irish animal feed industry.
It's an ill wind that blows nobody any good, and the largest ever year-to-year hit on grain grower income in the USA will help to keep a lid on animal feed prices in Ireland this winter.
However, at the same time, the ups and downs of global grain markets could leave Irish consumers paying more for bread.
