More cattle sellers holding out for 390 cent

There is very little movement in beef prices at the factories this week, but the vibes are positive for farmers.

Processors are very reluctant to concede any upward movement in prices, but the tightening in supply is putting them under pressure to secure sufficient stock at current prices.

Steers are quoted at a base price of 385-390 cent/kg (137p-139p/lb) and in general, factory agents are under instruction to concede as little as possible extra.