Beef prices unchanged despite supply increase to factories

Beef prices are unchanged this week, with an increased supply of cattle to factories helping processors to resist farmer demands for improved returns.

The base price quoted for steers this week continued at 385-390 cents/kg, with most of the steers making 390 cents/kg, and some finishers managing to negotiate a few cents more, although it is not being conceded easily by processors, who are under less pressure now to get supplies.

Heifer prices continue at a premium of 10 cents/kg over steer prices, on the 395-400 cents/kg range on offer.