Markets and abattoirs are ready for the introduction of new rules on Monday that will allow the resumption of beef sales from UK cattle aged older than thirty months.
NFU spokesman Rob Newbery said: “Live auction markets are working with abattoirs to ensure sales and kill dates coincide, so in a practical sense everything is in place.
“As regards price, it’s hard to say what that will be. Predicted prices are higher, in terms of pence per kilo, for OTM beef compared with the OTM compensation scheme price, which is around 86p/kg.
“But the true price of OTM beef cattle will depend on dressing specifications used in abattoirs. On the whole, carcase deadweight prices do look slightly higher than prices under the OTM scheme. It’s important not to take early estimates too seriously.
“Until trade actually begins it will be difficult to determine what prices