Beef market report: Poor grass growth may cut beef supply further

Beef prices at the factories, and the supply of stock to the plants, are in ‘steady’ mode this week, with very little adjustment from last week.

While there is some variation in prices being quoted by processors, prices on offer overall remain within the same range as last week, except where hard-bargaining farmers can take advantage wherever demand locally exceeds supply.

Base prices being quoted for steers range from 415 to 420 cents/kg, with some processors, particularly in southern counties, at the lower end of the range.