Beef prices have been dropping in recent weeks. \ David Ruffles
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The average price paid for an R grade bullock has dropped by 40c/kg since the start of the year at Irish meat plants, Bord Bia’s Joe Burke has said.
The meat and livestock sector manager said that this is a decline of around 5%.
“Really, that isn’t as a result of oversupply. Our supplies are down by about 60,000 [head] for the year to date or about 15%, so really it’s a reflection of the market conditions,” he said.
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“The demand has been a good bit slower and disappointingly around our major markets,” he said, including the UK.
Watch the full video below to see more on what Joe Burke had to say about beef markets.
For more on the meeting, pick up this week's Irish Farmers Journal.
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The average price paid for an R grade bullock has dropped by 40c/kg since the start of the year at Irish meat plants, Bord Bia’s Joe Burke has said.
The meat and livestock sector manager said that this is a decline of around 5%.
“Really, that isn’t as a result of oversupply. Our supplies are down by about 60,000 [head] for the year to date or about 15%, so really it’s a reflection of the market conditions,” he said.
“The demand has been a good bit slower and disappointingly around our major markets,” he said, including the UK.
Watch the full video below to see more on what Joe Burke had to say about beef markets.
For more on the meeting, pick up this week's Irish Farmers Journal.
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