IFA National Livestock Chairman Angus Woods has accused the cattle factories of crippling cattle farmers financially with the cutting of beef prices. He claims the latest drive by the meat plants to cut prices below a base price of €3.80/kg will do serious financial damage at farm level.
He says cattle in the UK had increased by 4p/kg per week for the last 3 weeks and he contrasted this with prices cuts from the Irish factories.
He told Midwest News today that the factory pull on beef prices is inflicting massive damage on the weanling and store cattle trade in the marts across the country and undermining the suckler cow herd.
The IFA National Livestock leader said this year farmers have had to endure an extremely long and severe winter/spring period with massive meal bills. On top of this the drought involved farmers having to feed meals on grass at very significant additional expense and all of these bills are still there to be paid.