The beef trade appears to have steadied this week, with most farmers reporting prices and deals similar to last week. However, demand for both prime cattle and cows remains strong, with factory agents eager to secure numbers.
Quotes have increased at some plants by 2p/kg, bringing the range of base prices on prime cattle to 360p to 366p/kg for U-3 animals. This has closed the differential between base quotes and prices on offer slightly. But the reality is that farmers remain in a strong position when selling cattle and should be pushing for the best price possible.