Processors ease slightly on the purse strings to concede up to 5 cents/kg more
The stability of the price, or any improvement, at this time of the year is highly dependent on the balance of supply of cattle and demand at the factories to supply the markets.
The balance of negotiating power between the producers and the processors of beef has moved a shade to edge slightly in favour of the producers this week.
To ensure the smooth continuity of intake at their factories, the processors have eased slightly on the purse strings to concede up to 5 cents/kg more on the prices being paid for both steers and heifers.
