Beef market report: Gradual beef price price improvement likely

Movement in beef prices at factories remained minimal again this week — and went in the right direction for farmers.

Although intakes slipped back in recent weeks, due to St Patrick’s Day and Easter, there is very little evidence that processors are yet under enough pressure for any meaningful increase in prices.

Quoted base price for steers remained at 390 cents/kg this week, with some deals reported for up to 395 cents/kg, but the higher price is not being freely offered.