Beef suppliers hope the slide in prices may be bottoming out

The quoted base prices have been reduced by up to 5 cents/kg for both steers and heifers

Supplies for the factories are drying up and finishers are in a much stronger position.

While some of the processors continue to exert pressure on producer returns, there is optimism that the weekly slide in the beef prices at the factories is moving closer to bottoming out.

Although market demand has weakened for beef the pressure to get supplies is understood to be a key influencer behind factories reducing the number of slaughtering days each week.