Beef prices continue to fall

Beef prices have continued the downward trend at the factories with further reductions as supplies exceeded demand at the processors yesterday.

Beef prices continue to fall

Up to 6c/kg (2p/lb) has been cut off the prices on offer from the factories with R grade animals bearing the brunt of the reductions which are compounding the losses being borne by producers on spring finishing.

Most of the factories dropped the quoted price for R grade bullocks and heifers to 289c/kg (103p/lb) yesterday. Up to 292c/kg (104p/lb) was being paid by Kepak (Watergrasshill) and at Slaney Meats (Bunclody) for underage bullocks. Slaney was paying 294cs/kg (105p/lb) for underage heifers.

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