Beef finishers ‘stunned’ as factories cut prices by another 10c/kg

Most factories are quoting 640c/kg base for steers this week and 650c/kg base for heifers 

Cow prices have also been reduced this week to 620-625c/kg for R-grade cattle.

Another cut of 10c/kg on beef prices at the factories this week has "stunned" suppliers of finished animals to processors.

The second consecutive week — and third time in a month — of price cuts is severe on finishers and a complete reversal of the pattern of trade usually experienced in the May-June period of the year.