Beef prices strengthen for second week

Finishers are now being hit by higher transport costs with the hauliers increasing their prices to recompense for the hike in fuel prices.

The factory beef prices are holding steady for the second consecutive week, strengthening the hope of finishers that the downward slide may have bottomed out — at least for the present.

Supplies are reported to be flowing smoothly to the processing plants and the waiting time to get cattle killed appears to have ended. There was a strong intake last week of just shy of 31,000 head for the shorter working week, excluding Good Friday.