Signs of weakening in beef prices

Marts: The early signs of a weakening in beef prices at the factories came through in last week’s trade, the official pay-sheet prices for the week have confirmed.

Prices paid for heifers were back by up to 1p/lb, and while prices were maintained for R grade bullocks, there was a slippage of a half penny/lb in the average paid for O grade bullocks.

Variations between the best and worst paying factories also widened to 15 cent/kg (5p/lb) for bullocks and up to 22 cent/kg (8p/lb) in R/O grade heifer prices between the factories.