Little to celebrate over beef prices as farmers show unhappiness with grid
Beef prices will rise by 10-15c/kg before Christmas, but will not reach 340c/kg for spring, Paul Nolan from Dawn Meats has forecast.
The factory man maintained a 10-15c/kg hardening of prices was dependent on cattle supplies tightening, as expected, and sterling not deteriorating any further.
Speaking to farmers at the Teagasc winter cattle seminar in Mallow, Mr Nolan poured cold water on price expectations for the spring.
"Can I see it making 340c/kg, if that is the cost of winter finishing? The honest answer is no," he told farmers. "I think we are a bit far off that at the moment."
The Quality Payment System (QPS) came under fire from several quarters at the meeting on Thursday night.
"The problem with our declining suckler herd is the complete lack of confidence we have in buyers of our product," insisted one farmer. "The man on the ground is getting feck all."
"We're not all stupid but even the cutest of boys can't follow the grid," insisted another finisher.