Decline in beef prices bottoms out

THE decline in beef prices at factories has eased to its lowest level in almost three months, confirming prices have struck base line, while the cull cow trade improves.

The average for R4L bullocks slipped by 2c/kg for last week’s kill, while the average price paid for similar grade heifers saw a drop of 1c/kg.

Poorer grading animals fared even better with O4L bullocks fractionally lower - after losing 1c/kg - and the average for same grade heifers improving by 2c/kg.