Price of beef continues to increase
Quality R grade animals are commanding 294 cent/kg (105p/lb) and in some cases a shade more is being paid, while producers with mixed lots of good R/O animals are negotiating deals for flat prices of 103p/lb where supplies are in strong demand.
Most of the factories quoted 286 cent/kg (102p/lb) as a base prices for R4L animals yesterday, which under the grid scale would return 292 cent/kg (104p/lb) for R3 and 304 cent/kg (108p/lb) for U3 grade. But there is very little strict application of the grid scale showing in the prices, with continuing resistance from producers to the complexity of the grid and multiplicity of prices under the system.
