Buyers market as processors dig in

Marts: It was a buyers’ market for cattle, with processors paying very little over the quoted prices, which reduced prices by an average of 3 cent/kg (1p/lb) for last week’s kill at the factories.

Although the supply dipped slightly it did not affect the will of the processors to continue to enforce the downward price trend.

Nationally the factories paid an average of 86p - 82p/lb for R/O grade bullocks and 86.6p - 83p/lb for R/O grade heifers with more variation between factories.