Producers confident despite processors' third consecutive week of cuts

Margin between steer and heifer prices has tightened. In some areas, suppliers are reporting being quoted up to 10c/kg less for heifers than steers this week, at a base of 730c/kg

There is confidence among producers that the lower supply of finished cattle for 2025 will ensure demand is strong enough to maintain the trade firm through the year.

Beef prices have been further tightened at the factories this week as the processors erode producers' returns for the third consecutive week.

Despite the trend of recent weeks, there is confidence among producers that the lower supply of finished cattle for 2025 will ensure demand is strong enough to maintain the trade firm through the year.