Quoted prices didn’t change but farmers got less for cattle recently

Although the quoted prices for stock at the factories have remained stable, actual prices being paid to farmers have slipped in recent weeks.

The top-up on the quoted prices which the processors were willing to pay to get stock has been tightened.

Base prices for steers are quoted at 380-385 cent/kg (135p-137p/lb), and factory agents are trying very hard to buy within that price range. Only the exceptional lots are making 5-8 cent/kg more.