No change yet on beef prices at factories but market could turn in mid-year

In general, it is more of the same on beef prices at factories this week.

Quoted prices show very little change, and the supply of cattle to the processors is following the usual pattern of slowly rebuilding after the Christmas wind-down.

This year, all indicators point towards an increase of 70,000-90,000 head in the supply of finished cattle on offer to beef processors, with the final outcome within that range depending on the age at which they are finished.