Further threats of cuts to beef prices on the horizon

The best of the R-grade cows are now making within 15 cents/kg of some of the steers.

The threat to suppliers of cutting the prices for finished cattle continues to be voiced by the processors this week as a means of cooling the pressure for higher returns which they are strongly resisting.

For the third consecutive week, the word being spread around by the factory agents in their dealings with farmers is that the trade is on the verge of a further cut in prices for the prime beef animals.