Beef farmers defend €4/kg 'line in sand'
Processors and banks slammed for failing to support finishers
Beef prices steadied this week as farmers, particularly in northern counties refused to take below €4/kg.
Both the ICSA and IFA labelled recent factory attempts to slash prices as "opportunistic" and warned farmers not to sell soft.
Factories were reported to have offered base quotes for steers of €3.90/kg to €4/kg but were forced to pay up to €4.00-4.10/kg to secure stock. Around €4.10 was being paid for heifers.
Henry Burns, the IFA livestock committee chairman, pointed out that cattle numbers remained tight in both Ireland and Britain.
The factory kill to date this year was estimated to be 120,000-130,000hd back on 2011, he said.
The steer kill was back over 26pc or 73,000hd, the heifer kill was down 17pc or 40,000hd and the cow kill was back over 6pc or 12,000hd.
These figures were borne out by the latest data from the Central Statistics Office (CSO) that showed the kill in June down by a staggering 22pc compared to 2011.