# Livestock Council Report March 2021 - Irish Farmers' Association

> Irish beef prices started edging up in early March, with steers around €3.75/kg and cows strengthening, though the Prime Irish Composite fell 3c to €3.68. Supplies of cattle are expected to be tight in Ireland and the UK, while meat factories have imposed price cuts that the report says the market does not justify.

- Date: 2021-03-09 · published 2021-03-09T12:00:00.000Z
- Category: market · region Europe · magnitude low
- Page: https://feedsoft.ai/events/48060-livestock-council-report-march-2021-irish-farmers-association
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Tight Irish and UK cattle supplies support European beef prices, and the tension between factory cuts and firming trade points to near-term price volatility.

## Read by commodity

- GBPUSD: neutral
- LCATTLE: bullish ▲

## Sources

- ifa.ie: https://www.ifa.ie/policy-areas/livestock-council-report-march-2020/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.