Weekly supply of 33,100 cattle restricts sellers

The strength of cattle supplies being delivered to factories this week continues to undermine beef farmer demands for improved prices.
Weekly supply of 33,100 cattle restricts sellers

As a consequence of the strong flow of cattle to plants since the beginning of the year, there is no reason for processors to pay more, leaving the trade unchanged at best this week, or tightening at the edges, as penalties cut into farmers’ cheques.

Intake last week hit 33,100 head, with a very strong supply of young bulls at around 6,000 head, steers at around 11,000 head, and almost 10,000 heifers making up the kill.

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