IFA National Livestock Chairperson, Angus Woods said that cattle supply numbers have tightened considerably in the last few days with some factories out of cattle last Thursday/Friday and struggling to get adequate supplies for the kill this week. Prices have kicked on with farmers insisting on price increases of up to 10c/kg.
Flat prices of €4 and €4.05/kg have been paid for Angus stock. In addition farmers are bargaining and getting flat prices on O grade stock and over 30 month cattle.
The IFA Livestock leader said the base price on the QPS for steers has also moved up with €3.75/kg now more common and €3.85 for heifers. He said cows prices have also kicked on by up to 10c/kg.
In the UK, the price has moved on with the AHDB reporting the R3 steer price up another 2p/kg at £3.63/kg, which is equivalent to €4.54/kg. With the increase in the British price and the exchange rate at less than 84p/€, Mr Woods said there was significant scope for the factories to increase prices.
"Against a more positive market background farmers should dig in hard and demand strong price increases from agents and factories," he said adding that "farmers selling cattle out of sheds need a substantial price rise at this time".
Subscribe or register today to discover more from DonegalLive.ie
Buy the e-paper of the Donegal Democrat, Donegal People's Press, Donegal Post and Inish Times here for instant access to Donegal's premier news titles.
Keep up with the latest news from Donegal with our daily newsletter featuring the most important stories of the day delivered to your inbox every evening at 5pm.