Prices’ soft landing continues

BEEF prices at the factories are continuing a pattern of soft landings with a further slight easing in returns to producers this past week.

Official pay sheet prices from the processors for last week show the gradual slight easing pattern of recent weeks continued right up to the weekend ahead of the heavier reductions in quoted prices which the processors announced last Monday.

The reduction in the average paid for R grade cattle last week was less than 0.5p/lb and it remains to be confirmed if the drop of more than double that level of cut, announced this week, will take full effect as the weekly supply of bullocks exceed the peak of autumn 2002.