Beef price cuts ‘targeted’ and ‘geographic’
Further 5c cut to beef quotes set to be pushed through this week
Bases for bullocks are now at €5.05/kg and heifers at €5.10/kg, while quotes for young bulls and cull cows are also back this week. Photo: Roger Jones
A further 5c cut in beef prices set to be pushed through by factories this week sees quotes now back 15c in three weeks and 10-15c/kg below where they were this time last year.
Beef finishers are said to be reeling from the cuts as they contend with high costs, while factory agents point to higher-than-expected supplies due to the wet spring.
