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DEMAND MORE FROM FACTORIES AS CATTLE NUMBERS REMAIN TIGHT – ICSA

May 15, 2020 | Latest News, Press Releases | 0 comments

15 MAY 2020

ICSA beef chair Edmund Graham has said despite the slight increase in cattle prices this week, processors have more to give. “The pressure is on the factories at the minute; markets are opening up and agents are competing for cattle. Reports are coming in that €3.70/kg is increasingly attainable for certain types of stock and with numbers still tight, the scope is there for farmers to look for that bit more on price. ICSA believes there is significantly more available,” he said.

“Demand at retail level continues to be up and McDonalds and other restaurant chains are coming back into play. ICSA also understands that with some beef exports from Australia to China suspended temporarily, factories here are on the lookout for Chinese spec cattle to fill any possible void. These factors coupled with the squeeze on numbers gives us a fighting chance at a decent price, but we’ll still have to fight for it.”

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CHANGES TO BEEF BREEDING INDEXES OF PEDIGREE BULLS HAVE GONE TOO FAR

ICSA president Dermot Kelleher has said ICBF have gone too far with their changes to the beef breeding indexes regarding pedigree bulls. Commenting on the changes which came into effect this week Mr Kelleher said, “ICSA met with ICBF back in early November where we were reassured that no drastic changes would be made; this has turned out to be far from the case however. The changes are proving to have considerable ramifications for farmers participating in the SCEP scheme and indeed for the future of the suckler sector as a whole,” he said.

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