Factories stalling price hike

Marts: The rising trend in beef prices at the factories was stalled by the processors last week.

Overall the change in the national average was limited to a drop of 1 cent/kg. A reduction of 0.5p/lb was being applied ahead of the ending of the Over Thirty Months Scheme in Britain, which the industry fears could affect export demand.

The processors paid an average of just over 104p/lb for R4L bullocks and heifers and 102p/lb for O grade.