Beef market report: Price cut as 30-month deadline boosts supplies

There has been a tightening of prices by beef processors this week, as the supply remains strong.

Most have reduced the quoted base price for steers to 365 cents/kg.

While there are some reports of cattle farmers securing deals of up to 370 cents/kg as a base, it is not generally available, and the agents can bargain hard, with supply flowing strongly.