Beef market report: This week’s supply will be crucial in price battle

The beef trade at the factories continues to be a hard battle for farmers to move prices upwards, with only limited success.

The good news for finishers is that any movement this week is in the right direction for them, but it is slight, and is conceded only by processors who need extra stock.

The quoted base price for steers remains in general at 390 cents/kg across most of the country, but the percentage of animals being bought on a base of 395 cents/kg is increasing each week.