Prices stable as producers firm

While all of the indications are that the country’s beef processors are anxious to pull back prices, producers’ resistance to accepting less is continuing to deliver stable returns.

Prices remained very firm at factories in the south yesterday apart from a slight weakening for the poorer quality stock but returns were reduced by 3c/kg (1p/lb) in the midlands, where supplies of cattle are now increasing.

The excellent weather for livestock is proving a factor in maintaining prices, with no pressure on producers to lighten stock. Harvesting has also been taking the attention of some farmers from the sale of cattle over the past two weeks.