Same prices paid for O grade cattle

The psychological barrier of 90p/lb for O grade cattle is continuing for producers supplying the factories as a base price, which has steadied the trade for the second consecutive week.

There was uniformity among most factories yesterday on offering 90p/lb for O grade animals, largely similar to last week, and there is more than a hint circulating the industry that no one processor wants to be the first to take the daring step of breaching the 90p/lb barrier for the O grade stock - at least for the present.

It is a reasonable bet that this barrier is unlikely to be breached before the end of the month.