July price trend was unique in the beef trade

BEEF processors’ efforts to ease prices for cattle this week are meeting resistance from farmers.

July price trend was unique in the beef trade

Some processors have eased this week’s prices quoted for cattle by as much as 5 cent/kg (2p/lb), but are finding it increasingly difficult to get sufficient cattle without paying last week’s going rates.

Most processors are finding they must pay 360 to 365 cents/kg (128p to 130p/lb) as a base price for steers, and there are some reports of 5 to 8 cent/kg (2p to 3p/lb) more being negotiated by sellers of better quality animals. Reports from around the country indicate that factory agents are under instructions not to pay over the quoted prices for cattle, but there are counter reports of flat pricing to secure stock.

Already a subscriber? Sign in

You have reached your article limit.

Unlimited access. Half the price.

Annual €130 €65

Best value

Monthly €12€6 / month

More in this section

Farming

Newsletter

Keep up-to-date with all the latest developments in Farming with our weekly newsletter.

Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited