Beef Report: Prices stabilise as yard-finished supplies are gone
Processors stress that the markets have weakened and they are experiencing consumer price resistance.
The beef quotes at the factories have stabilised this week, after consecutive weeks of downward slide which has wiped up to 20 cents/kg off the returns to producers.
The quoted base price for steers is unchanged at 500 cents/kg and the base for heifers at 505 cents/kg, while the young bull prices are at a premium of up to 25 cents/kg over the comparative steer grade.
