Frustrations ease as beef prices start to stabilise

For the most part, the prices for this week are unchanged at a base of 510 cents/kg for steers and 515 cents/kg for heifers around the country.

The frustration of beef farmers at the trend of the trade over recent weeks has been slightly eased with the first sign of a return to stability in prices at the factories.

The weekly intake at the factories has remained stable over the past six weeks, which is being attributed to the "good management" of the processors' procurement sections to ease the pressure for higher prices.