As you were despite 5c rise in quotes

Beef prices at factories have improved, due to tight supply and farmer resistance to recent downward price trends.

With the intake at factories staying well below year earlier levels, processors have conceded an increase of 5 cent/kg (2p/lb) in base quotes for steers and heifers.

The reality however is just a marginal price improvement for most farmers, because the factories have simultaneously tightened the top-up on quoted prices.