Beef market report: Beef supply picks up in response to price gains

Cattle prices at the beef factories held steady this week, while the intake continued an upward trend for the second consecutive week.

Finishers have commenced delivering stock to the factories off grass at the earliest opportunity, to benefit from the higher prices which the tightening in supply delivered over recent weeks.

Prices were maintained across the country over the past week, while intake showed an increase of 1,500 head, as the supply recovered to around 29,000 head.