Arrival of February cattle hits prices
It remains to be seen if the processors will buy cheaper supplies this week, following their reduction of 3 cents/kg (1p/lb) in quoted prices in the south, where supplies of cattle have been more plentiful over the past week.
In effect, most factories have been paying at least 3 cent/kg (1p/lb) over the quoted prices for steers and heifers in recent weeks as confirmed by the official Department of Agriculture pay sheet returns but there are now strong signals that they are moving to pull back the cost of animals.
