Factories put price penalty of 7p/lb on older cattle

PRICES for the older cattle are coming under more pressure as supplies to the factories build up, leading to a cut of up to 7p/lb off the going rate for older stock.

Prices for the young cattle were remained unchanged at the factories yesterday with Rs in general at 232-229c/kg (83-82p/lb) and O grade at 224c/kg (80p/lb).

At AIBP factories 85p/lb is being offered for the quality R grade cattle and 80p/lb for O grade with R3 as the benchmark for quality.