Beef market report: Supply increase triggers pressure on beef prices

Beef processors attempting to cut cattle prices as much as 5 cents/kg are meeting with resistance from farmers.

The extent of pressure on each factory to procure sufficient throughput will be a major decider of the buying price.

With most processors quoting a base price of 380 cents/kg for steers, and reasonable weather conditions taking pressure off farmers to reduce stocking levels, the outcome can depend on which side most needs to close the deal.