Good prospects to midsummer
Most processors across the southern half of the country are reasonably comfortable with the flow of cattle this week and with forward bookings. They are paying 297 cents/kg (106p/lb) plus for R grade animals, with prices a bit harder further north, and reports of more than 302 cents/kg (108p/lb) being paid in the north west.
Prices for O grade cattle are showing the best improvement from last week, with more special deals being negotiated with processors for mixed lots of finished cattle. In general, O grade prices are ranging from 103p to 105p/lb.
