{"id":184350,"date":"2025-12-10T06:44:19","date_gmt":"2025-12-10T06:44:19","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/184350\/"},"modified":"2025-12-10T06:44:19","modified_gmt":"2025-12-10T06:44:19","slug":"how-soaring-cattle-prices-brought-down-a-e16m-munster-cattle-buying-firm","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/184350\/","title":{"rendered":"How soaring cattle prices brought down a \u20ac16m Munster cattle-buying firm"},"content":{"rendered":"<p class=\"indo-ebe0ecc6_root indo-ebe0ecc6_paragraph indo-91174671_secondary indo-1d70522a_marginbottom4 indo-1d70522a_marginleft0 indo-1d70522a_marginright0 indo-1d70522a_margintop4\" style=\"color:var(--color-primary-80)\" data-testid=\"title-summary\">Major dairy- and beef-finishing firm has \u20ac351,000 debt to Cork Cooperative Marts Ltd\n<\/p>\n<p><img decoding=\"async\" alt=\"The PSRA, established to regulate sectors including the auctioning of livestock at marts, has repeatedly raised alarms about the credit practices in the industry. Stock photo:  Brian Farrell\" src=\"https:\/\/www.newsbeep.com\/ie\/wp-content\/uploads\/2025\/12\/2bb817f7-d460-4fe8-b474-3903e6d1f5a1.jpg\" loading=\"eager\" width=\"100%\" data-testid=\"article-image\"  \/><\/p>\n<p class=\"indo-ebe0ecc6_root indo-ebe0ecc6_caption1 indo-300db776_none indo-91174671_secondary indo-66f0fec7_regular indo-1d70522a_marginbottom0 indo-1d70522a_marginleft0 indo-1d70522a_marginright0 indo-1d70522a_margintop3 indo-b48c4984_left\" style=\"color:var(--color-grey-60)\">The PSRA, established to regulate sectors including the auctioning of livestock at marts, has repeatedly raised alarms about the credit practices in the industry. Stock photo:  Brian Farrell<\/p>\n<p class=\"indo-ebe0ecc6_root indo-ebe0ecc6_paragraph indo-300db776_none indo-91174671_primary indo-1d70522a_marginbottom0 indo-1d70522a_margintop0 indo-b48c4984_inherit\" style=\"color:var(--color-primary-80)\">The news that Nicholas Galvin Ltd, a major dairy and beef finishing firm based in Kilmacthomas, Co Waterford, entered provisional liquidation in November sent ripples through the cattle sector.<\/p>\n<p class=\"indo-ebe0ecc6_root indo-ebe0ecc6_paragraph indo-300db776_none indo-91174671_primary indo-1d70522a_marginbottom0 indo-1d70522a_margintop0 indo-b48c4984_inherit\" style=\"color:var(--color-primary-80)\">While a High Court decision quickly secured the welfare of the company\u2019s herd of more than 200 cattle at the time, the real shock lies in the \u20ac351,000 debt acknowledged by the firm to Cork Cooperative Marts Ltd.<\/p>\n","protected":false},"excerpt":{"rendered":"Major dairy- and beef-finishing firm has \u20ac351,000 debt to Cork Cooperative Marts Ltd The PSRA, established to regulate&hellip;\n","protected":false},"author":2,"featured_media":184351,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[72,37550,61,60],"class_list":{"0":"post-184350","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-business","9":"tag-ciaran-moran","10":"tag-ie","11":"tag-ireland"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/184350","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=184350"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/184350\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/184351"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=184350"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=184350"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=184350"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}