According to Paul Nolan from the Dawn Meats group, a base price of €5.20/kg plus premiums is possible next spring.
peak on the Independent Farminghe said prices will depend more on the supply-demand balance than consumers tightening their wallets.
“Prices are rising which is simply due to a supply tightening here and on the continent which is obviously affecting trade. We (Dawn Meats) expect farmer prices to continue to rise into Christmas,” Mr Nolan said.
“With fewer numbers here and on the continent, the fact remains that the trade needs to be supplied, even if it means more ground beef and less steak, and the demand coupled with the scarcity (of beef) is still driving prices up will drift. Be it steak or ground beef, factories have to kill cattle to get meat.”
A spokesman for another major processor said his company expects to pay a base price for steers of €5.00/kg by Christmas. He also stressed the fact that the “balance between supply and demand, not the perceived purchasing power of consumers” will drive prices for the New Year.
After a low of €4.50 to €4.55/kg at the beginning of November, the factory prices for steers and heifers were in the range of €4.70 to €4.80/kg yesterday.
Driving this price rally was the decline in the number, which hit a weekly high of 40,410 in mid-October and is now declining.
https://www.independent.ie/business/farming/beef/beef-trade/cattle-prices-heading-for-520kg-plus-bonuses-in-spring-says-dawn-meats-42180678.html Beef prices are heading towards €5.20/kg plus premiums in spring, says Dawn Meats
