Wide variation in beef prices shown
The difference in price between the same grades varied by up to 300%, analysis of the prices paid by individual factories has confirmed. The findings show that there were winners and losers on the new grid system of payment, which did not operate uniformly across the country.
Meanwhile the average paid for R3 bullocks and heifers last week by the factories was unchanged from the previous week as the price fall bottomed out for the year with the reduction in supplies halting any further decline in return to producers.
