Beef price falls plunge margins into losses

Suppliers trying their hand at negotiations on price with the factories are finding that it has come closer to 'hitting a stone wall' this week.

Beef prices

The difficulties and challenges facing beef finishers are continuing to pile a mountain of pressure on the sustainability of the sector.

The processors have wiped a further 5c/kg of their base quotes for both steers and heifers being supplied to their plants this week, plunging the finishers into deeper losses for the season, which has added to the difficulties the wettest July on record has created for many of them.