Strong year-end as beef base quotes increase
The base quotes for steers have increased by up to 10c/kg this week, with processors offering 515-525c/kg.
A surge by the factories to source sufficient cattle to fill their bulging order books for the pre-Christmas supermarket trade is boosting returns to producers this week.
Competition between the processors for factory-ready cattle has intensified over recent weeks, forcing prices to continue to move upwards, with finishers who wisely targeted the pre-Christmas market and held back on earlier sales being rewarded.
