Beef prices unchanged despite unusually high supply

Beef prices at the factories remain unchanged this week, while the supply of cattle to the processors continues to surge forward to record levels.

It is necessary to go back into the strong supply months of 2014 to get intakes on a par with the supply of almost 34,000 for last week’s kill.

Within that, there were around 11,000 steers, and more than 6,200 young bulls, with a strong supply of heifers making up the mix.