There is more positive news on beef prices this week.
IFA Livestock Chairman Brendan Golden claims that prices on offer to farmers have risen a further 5c/kg this week.
Steers are making €4.15/kg to €4.25/kg; heifers €4.20 to €4.30/kg; cows are starting at €3.40/kg for P grades with flat prices for mixes of Os and Ps of €3.60/kg and top-quality beef cows pushing to €3.85/kg and over in cases.
Young bulls are ranging from €4.15/kg to €4.30/kg.
Mr Golden says demand is strong and numbers are extremely tight as demand from the food service sector improves throughout the EU.
The European Court of Auditors has found that despite spending over €100 billion of EU agriculture funds on climate action in the past seven years, the Common Agriculture Policy has failed to make farming more climate friendly.
In a special report, the Court of Auditors found that greenhouse gas emissions from agriculture have not decreased since 2010 and it has called for the EU Commission to take action to address this.
The report claims that almost 50% of total EU climate action spending during the period from 2014 to 2020 has delivered virtually nothing in terms of net greenhouse gas emissions reductions from the 27-nation block.