Improved prices for overage cattle

OVERAGE cattle are an improved trade at the factories this week, while there is pressure on prices for young cattle following an increase in the supply to the processing plants. Cow prices are also stronger.

This should be an interesting week in the beef trade with more cattle coming out of premia retention, increasing the supply available to the factories, where a clear policy of lower prices was being adopted yesterday.

Higher paying factories eased back by 3 cent/kg (1p/lb) for R grade under 30 months cattle in their quotes yesterday morning and some knocked up to 6 cent/kg (2p/lb) off the prices for O grade which was meeting with some producer resistance.