A Co. Cavan farmer has said that the price of beef has "bottomed out" in recent weeks.
Local suckler farmer, Maurice Brady believes that prices are going to stabilise in the near future.
Beef prices have fallen by over €1 per kilo, which equates to €350 to €400 a head in average beef animal.
Speaking to Northern Sound, Maurice explained that farmers are facing into losses, because cattle have been fed all winter and spring.
According to IFA's Ulster Nth. Leinster chair, there isn't an over-supply in cattle.
He explained that problems have arisen because of supply drops in the UK exports, largely due to British trade agreements with other countries.
Maurice hopes that prices will stabilise:
"Half of all the beef [the UK] took in was Irish beef, so it is having a knock on effect.
"Hopefully it will stabilise. Cattle numbers are quite tight, I think that will be reflected and prices will stabilise and go on from then again.
"I don't know about a bounce, but I hope we've bottomed out. Word coming back is that we're at the bottom of the scale at the minute.
"Hopefully prices will at least steady, so we need reductions to stop, and then to pick up again in price," he added.
