Beef Report: Prices underpinned by demand for minced beef and beef for catering trade
The returns from some of the processors have hardened by 5-10 cents/kg, driven by their necessity to get the additional stock
Add in bonus payments and it amounts to another lift in the pay cheque for suppliers and of significant benefit to those qualifying for the addition of a breed bonus.
The demand for beef to supply the markets at home and abroad continues to outstrip the supply of cattle readily available to the processors and thus drive the trade in a positive direction for the producers.
As the factories remain under pressure to get sufficient stock, the price for this week continues to hold firm or show further hardening.
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