Hopes that beef prices freefall has bottomed out
Producers are optimistic that the steer base price decline has bottomed out at 460c/kg.
Stability on the beef prices is maintained at the factories this week in a welcome reprieve to the falling trend over the past four months.
While the intake continues to deliver strong numbers to the processors, the indications are that there is demand for the extra numbers from the marketplace, with last week slipping 1,300 head behind the corresponding week last year.
