No change in base price of 395 cent/kg for steers

A steady trade for beef at the factories this week has brought an end to the five-week downward slide in prices which gutted returns to beef farmers over the past month.

They will now hope that the downturn has at least bottomed out, although they have learned not to depend on beef price expectations at this season of the year.

Already, most of them who purchased stores since early this year cannot afford to sell finished steers and heifers at current prices.