Oireachtas Joint and Select Committees
Wednesday, 13 December 2023
Joint Oireachtas Committee on Agriculture, Food and the Marine
Recent Reclassification of Beef Indexes: Discussion
Cathal Crowe (Clare, Fianna Fail) | Oireachtas source
With any algorithm, things fluctuate and change. Dr. Crosson mentioned that pricing changed from 2020 to 2022 and that was fed into the algorithm. I note also that there is a carbon index now, with which I do not fully agree, and a TB resistance index, which is the only positive I can see in all of this. Surely when all of that is fed in, it distorts the index and, at the end of the day, prices. What people are generally seeing is the price of the heavier animal has come way down, or "plummeted" to use the word of the Salers Society, and the price of the lighter animals has come up.
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