Processors restore 100p/lb R price

FARMER resistance and strong demand for cattle, have overturned price cuts by beef processors.

The supply of steers to factories was reduced by 4,500 head last week, having fallen 1,800 head the previous week, continuing a three week decline in intake by factories, leaving processors with little choice but to restore their base price for R grade to 280 cents/kg (100p/lb).

Farmers were aided by excellent weather and grass availability which eased the pressure on them to sell cattle.