Teagasc reports rise in beef prices

IRELAND - Last year saw continued improvement in beef prices which were up by seven to 10 per cent 7 on the previous year’s levels, according to Teagasc analysts
calendar icon 2 February 2007
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Beef exports to continental EU have continued to increase which is a very positive development in ensuring that over 90 per cent of Ireland’s beef exports will go to commercial markets.

Sales to mainland Europe are improving year on year, however the UK is still a critical market accounting for over 50 per cent of our EU exports, according to Teagasc.

Beef cow numbers appear to be stable which is a positive and small increase in cull cow slaughterings to early December 2006 represented less than one per cent of total cow numbers. Prices for quality beef in-calf heifers appears to be at an all time high with over ¤1,500 regularly reported, according to the farm industry organisation.

Live exports to early December 2006 were up 38 per cent on 2005 levels which was an increase of 65,000 head. The increase in weanling/store live exports from 75,000 head, up to early December 2005, to 105,000 for the corresponding period in 2006, has had a major influence on the price for top quality weanlings from the beef herd, according to Teagasc.

Source: The Kingdom

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