Farmers need price clarity as ‘astronomical’ money tied up in cattle

Farmers need price clarity as ‘astronomical’ money tied up in cattle

There will be no farmer able to feed a young bull this autumn at current prices without a factory commitment: ICMSA

Beef supplies across all main beef-producing countries are extremely low, with some countries at their lowest levels in 50 years

Farmers would want to get some assurance on prices “as the money tied up in sheds of cattle is astronomical”, according to Michael O’Connell, Chairperson of the ICMSA Livestock Committee.

He said that with a “strong” live export trade, there will be no farmer able to feed a young bull this autumn at current prices without a factory commitment.