Mart quotes lag behind rise in factory beef prices

A slight increase in the prices being paid by the factories for cattle is not reflected in the quoted prices, which remained unchanged at the plants for this week.

The average for steers increased by 1.5 cents/kg, and by 2 cents/kg for heifers in last week’s kill.

The drop in the kill for the week of the October bank holiday was partly recovered last week, but the belief in the trade is that the intake over the coming weeks is only set for further tightening.