Steers hit 490-495c/kg as prices continue to plunge

Farming leaders are challenging processors to justify the reduction in prices in recent weeks and urging finishers to strengthen their resistance to accepting the cuts.
Steers hit 490-495c/kg as prices continue to plunge

Most of the factories have reduced their quoted base prices for both steers and heifers by a further 5c/kg.

The incessant week-on-week drop in beef prices at the factories remains ongoing this week, with further reductions to the base prices.

Most of the factories have reduced their quoted base prices for both steers and heifers by a further 5c/kg as their suppliers appear to be losing out on the battle of resistance to the downward trend.

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