Looks like 90 to 94p base for August

BEEF prices have entered a steadier zone, at least temporarily, with changes this week confined to some downward tweaking of the higher prices.

Processors generally had either settled on, or were edging towards paying 263 and back to 252 cents/kg (94p to 90p/lb) for R and O grades, likely to hold at least until the end of August.

The factories which paid at that level last week are unchanged this week, and a few others have slipped back to this level, by losing 3 cents/kg (1p/lb) off last week’s quotes, as 94p to 90p/lb becomes established as the price plateau for the moment.