Beef prices fail to match 2004 levels
Bullock and heifer prices for R3 grade at the factories showed an increase of 10% for the first three months of the year, before slipping back to a current scale of 6% over the same time last year.
To mid-May R3 bullock prices at the processors were on average 9% higher than the same period last year and the average paid for R3 heifers was 9.4% higher than 2004. Prices paid for R3 bullocks have averaged 291c/kg (104p/lb) to mid-May compared to 267 cents/kg (95p/lb) over the same period last year.
