Beef prices in Northern Ireland have fallen by around 10p per kg this week. Factory quotes now range from 600 to 610p/kg, down from 630 to 640p/kg earlier this year.

The drop occurred during NI Beef Week. UFU Beef and Lamb Chairman Brendan Kelly stated that the timing sends the wrong message when the week aims to promote local beef. He noted farmers face reduced income at a key promotional period.

Kelly highlighted issues in the supply chain where farmers absorb shocks while others maintain margins. Beef finishers deal with high meal costs, volatile fuel prices, and global instability alongside falling sale prices.

Farmers pay high prices for store cattle at marts while retail prices stay firm, but factory returns decline. The UFU pointed to increased beef imports from UK trade deals, which allow competition with products under different standards and support levels.

Local cattle numbers remain tight, but heavier carcase weights and weaker consumer demand limit price support. Kelly said processors provide little explanation for weekly price changes, causing frustration among farmers.

The UFU warned that beef producers operate on tight margins, with some incurring losses. It advised farmers to consider all marketing options, including local livestock marts, for better returns.

Kelly cautioned that ongoing financial pressure on farmers could reduce beef production and harm the local industry.