Beef market report: Tighter supply and late grass boost price outlook

The intake of cattle slipped by around 1,000 head last week, falling to just under 29,300 head, a level of supply rarely seen yet this year, with the exception of the shorter working weeks.
It was inevitable that intake would tighten, given the strength of supply year-to-date, which remained ahead of the corresponding period last year by an average of around 1,000 head per week.