Processors tighten rein on upward price trend

Beef processors have tightened their rein on the upward trend in prices at factories.

Quoted prices for this week are unchanged — bringing to an end, temporarily at least, the recent week-on-week rising trend which added at least 15c/kg to the base price over the past month.

Actual returns should also have increased in line with the doubling of the Quality Assurance Premium to 12c/kg for qualifying animals.