Further 5c/kg cut to factory prime cattle prices
The young bull price has dropped to, or very close to, parity with the equivalent grade steer.
Factory quotes for prime cattle have been further reduced by 5c/kg this week as the stunned finishers continue to count the mounting losses the sector has been hit with so far in 2023.
A few weeks ago, it was hoped that the decline was about to bottom out, but as the base quote for steers dropped to 470c/kg and the heifers are down to a base of 490c/kg at the processors this week, the word from the factory bosses is for further reductions over the coming weeks.
