Bord Bia beef market tracking tool launched

Leonie McKiernan

Reporter:

Leonie McKiernan

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newsroom@longfordleader.ie

Joe Burke, senior Manager of Meat and Livestock team in Bord Bia; Tara McCarthy, CEO Bord Bia; and Minister Michael Creed, Department of Agriculture, Food and the Marine

Joe Burke, senior Manager of Meat and Livestock team in Bord Bia; Tara McCarthy, CEO Bord Bia; and Minister Michael Creed, Department of Agriculture, Food and the Marine

The Minister of Agriculture, Food and the Marine, Michael Creed has launched the Bord Bia Beef Market Tracking Tool.
This tool was devised in response to requests at the Beef Talks of August/September this year for enhanced market transparency.

Bord Bia committed to developing a Beef Market Price Index based on three components; cattle price index, beef market price index and an offal indicator.

The Bord Bia Beef Marketing Tool which is available via the Bord Bia website at https://www.bordbia.ie/farmers-growers/farm
ers/prices-markets/beef-market-tracking, includes the composite vs benchmark price, an offal indicator, and wholesale and retail prices indices.

Also read: Sustainability to the fore of National Dairy conference

The Minister for Agriculture said he was pleased that his department and agencies were continuing to progress the commitments which they signed up to under the Agreement of 15 September on the beef sector, noting that the tender process for other studies committed to under the agreement had also commenced.

He noted “that initiatives such as the Bord Bia Beef Market Tracking Tool are essential in giving stakeholders information on which to base their decisions.”

He said that his department has listened to calls for increased transparency in the sector and was making every effort to contribute to this

Tara McCarthy, CEO of Bord Bia said, “Bord Bia is happy to publish the Beef Market Index as part of our commitments to the September Beef Agreement.

“The information, will be updated on an ongoing basis and is designed to track overall trends in beef cattle, wholesale, retail and fifth quarter prices.

“We will continue to work with the Beef Market Taskforce over the coming months to further develop the range of market information available to farmers.”

Also read: Cattle price rises would be justified based on rising market returns