Marts closed and beef prices severely cut at factories

Beef prices were severely cut at factories this week, even as finishers had to face selling cattle without recourse to the marts, closed down by Covid-19 restrictions.

The base price for steers and heifers was cut by 10c-15cs/kg, with processors saying they had come under severe pressure to secure markets. Steer and heifer prices are both at a base of 350c/kg.