Increase in beef prices at factories

AN increase in the average prices for all grades of cattle was recorded at the country’s factories for last week — but the margin of increase was rarely more than 1p/lb.

Up to 86p/lb was paid for R3 bullocks at the top of the market and prices for R3 heifers reached within a fraction of 90p/lb at the upper end of the price league.

The increase in the kill of over 30 months cattle at low prices is continuing to mask the real prices which are being paid for young cattle.