Beef price may have bottomed ahead of peak kill
Supporting their belief is the omen of stable prices are on the back of a year-high kill at the processing plants last week, and the knowledge that overall supplies of finished cattle are the lowest for a decade.
Some processors continue to quote base prices for steers back to 375 cent/kg (134p/lb), but very few farmers are selling stock for less than 380 cent/kg, and some are securing deals for up to 385 cent/kg, while rare deals are being reported for the best cattle at 395 cent/kg.
