Cattle supplies higher but prices stay the same

Cattle supplies to the factories have continued much higher than had been expected over the past week, to the expense of producers, with very little movement in prices.

Changes in the quoted prices for this week show very little change from recent weeks with nothing more than a marginal increase at the upper end of the range on offer to producers.

Base prices for steers are quoted at 395-405 cents/kg (141p-145p/lb). While some of the factories are maintaining that they are getting steers in the south at 395 cents/kg the more general run is 400-405 cents/kg for this week and some producers with quality stock are getting a shade more.