A short-lived period of stability in price has been rocked this week as factories move to put downward pressure on the beef trade. Five to 10 cents has been taken from the base prices paid, with factories quoting €3.70/kg for steers and heifers.

Tough selling has seen some farmers attaining a price of €3.75/kg for heifers, but steers are being bought at the quoted price of €3.70/kg. There is further talk of efforts to pull prices down more next week.