Up to 6 cents/kg more for beef cattle this week
The intake of cattle slipped further last week, when the total supply dropped to around 26,800 head, within which the number of steers fell to around 11,300 head, down about 800 head from the previous week.
Improved weather and favourable grass growth in most regions of the country relieved the pressure on fatteners to sell cattle, which in turn stalled the downward slide in prices. Some beef processors’ quotes advanced 3 cents/kg (1p/lb), but farmers were securing up to 6 cents/kg more for their beef cattle this week, with processors anxious for supplies but having to pay more.
