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.

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.