Producers continue to resist price cuts

PRICE swings of up to 1p/lb at factories balanced to give an overall average for R4L bullocks marginally lower for last week.

As the battle over individual interests on cattle prices between processors and producers continued, 12 factories reduced prices for R4L bullocks, while six paid higher prices, with overall gains or losses controlled to marginal levels.

Producers continue to resist downward pressure by the factories (quoted prices have been cut) with a hard sell maintaining prices to within one cent/kg of the average for the previous week.