Pessimism reigns as beef prices slip

Marts: It was difficult to find grounds for optimism on beef prices as the returns to producers from the factories came under further downward pressure at the plants yesterday.

Prices were reduced by 3c/kg (1p/lb) across the country for all grades yesterday.

Prices are weakest in the south with some of the processors offering 283-269c/kg (101p-96p/lb) for R/O grades, but most of the plants in the south and east quoting 286-271c/kg (102p-97p/lb).