Factories shave off another 10c/kg in third week of beef price pressure
Analysis of the actual prices being paid for animals over recent weeks has also revealed a tightening in the difference between the processing centres, with more paying closer to the average.
Beef processors have further confirmed their determination to pull tighter on the prices for stock this week, shaving another 10c/kg off their quotes for the third consecutive week.
Most of the factories are now on a base of 720c/kg for steers and 730c/kg for heifers, although some suppliers reported deals for slightly more being available for the early days of this week. Cow prices have also slipped to 690–710c/kg for R-grade animals.
