Steer quotes firm at 450c/kg despite factory pressure
Factories are trying hard to exert downward pressure on prices but are meeting with resistance from farmers who just can't afford to sell at lower prices.
The processors, while very anxious for all stock, have been attempting to pull cow prices for the past few weeks and are now trying it for all the other categories.
Last week's estimated kill was up at 27,117hd but despite the downward pressure, steer and heifer prices remained pretty firm.
Steer quotes and prices remain in the 445-455c/kg bracket, with the heifers quoted at 470-480c/kg. In truth, 470-475c/kg is buying most of them.
The best quote I heard for bulls was 460c/kg for a mix of R and U grades. The Us are generally selling at 455c/kg, with the Rs at 450c/kg. The O grades are making from 425-430c/kg.
A few factory men remarked that farmers, especially those with Friesian bulls, need to ensure that the bulls are of a suitable fat score before slaughter.
Prices for cull cows range from 330c/kg up to 420c/kg. The P+ cows are making 330-360c/kg, with the Os at 350-380c/kg. R grades are at 390-410c/kg, while the top price mentioned for Us was 420c/kg.