Beef groups pay 1p/lb more

Marts: The improvement in beef prices at the factories is continuing, with the major processing groups paying increases above average for cattle over the past week.

The three largest beef processing groups in the country, AIBP, Dawn Meats and Kepak increased prices for R4L bullocks by an average of 3 cent/kg (1p/lb) last week, the farmer pay-sheet returns have confirmed.

But with the exception of Kepak, the price increase was not sufficient to bring them into the listing of the highest paying factories as overall prices continued to move positively upwards and group average prices at both AIBP and Dawn remained slightly under the national average.