A boost for producers as beef price data to go 'live'
Detailed statistics on prices and throughput of stock under the Quality Pricing System (QPS) for cattle at the factories is to be released by the Department or Agriculture.
A major upgrading of the software at the Beef Classification Unit of the Department has been carried out over recent months and trial runs on the new grading system have now been completed, with the results reported to be very satisfactory.
The analysis will show that there are 225 possible grades for both steers and heifers in the QPS, which was introduced in December 2009, when all splits in conformation and fat score possibilities are taken into account. The detailed information on the QPS, which is to be made available on the Department website from April, will be a major step forward in providing greater transparency around the new grading system and the exact pricing for each category.
It will enable producers to precisely measure the cost/benefit of the payment grid compared to the old grading format.
The Department website will show the exact number of steers/heifers in each grade, each conformation sub-grade and each fat score sub-grade. This information will be available for each factory, with a total of 225 parameters for each category.
The prices paid for each grade subsection for each factory in the country will also be published on the Department website for each week, with the information becoming available to producers within a week.
The composite price average for the total national kill for the week will also be provided.