Pre-Christmas cheer as demand for beef bolsters
While some plants continue to make an opening offer of 465c/kg base for steers this week, most of the factories are a base at 470c/kg and, in general, have to pay at least 475c/kg to get the stock.
There is more than a slice of festive Christmas cheer and a feel-good factor for the beef finishers in the trade at the factories this week.
Further tightening in supplies of finished cattle is forcing the hand of the processors to increase their prices to source sufficient to meet demand for the busiest weeks of the year in the market.
