Glimmer of hope for beef prices as intake falls
The first glimmer of hope for suppliers that the downturn in prices may be about to bottom out is added to by a slight drop in weekly intake.
Beef prices at the factories continue under pressure this week, with further reductions being applied to the returns by some of the processors.
The positive news is that some suppliers are reporting that individual factories are conceding to pay up to 5c/kg more for cattle this week compared to a week ago, in particular for their regular suppliers and those with larger numbers on offer.
