Farmer anger as beef prices ‘heading in wrong direction’

ICSA Beef chair Edmund Graham has said soundings of factories pulling beef prices next week have infuriated farmers who are still producing at below the cost of production.

“After feeding intensively for the last three to four months farmers needed to see prices rising. However, despite assurances at the back end of last year that we would be adequately rewarded when we go to sell, we have actually seen the opposite happen and prices now are just about back at December 2022 levels,” Mr Graham said.

Mr Graham also questioned the continued price gap between Irish and UK prices, and said it is “vital that business is done” on the back of a concerted Irish presence at the SIAL trade show in Shanghai.