Movement on factory beef prices very limited

Although movement on beef prices at the factories is very limited, any minor change is in a positive direction — and more favourable to heifer sellers.

Quoted prices for steers are steady at a 405-410 cents/kg (144p-146p/lb) base, but there are market place indications that more of the cattle are being bought this week at the upper end of that price range.

However, paying more than 410 cent/kg is being strongly resisted by the processors, and only being achieved with difficulty by a small minority of sellers of better quality cattle.