MLC marketing director Richard Lowe said that market prices were currently considerably higher than the £1.15-£1.20/kg deadweight paid in December when the OTMS was still running.
"The average price offered by abattoirs for cow beef in the last week
in January was around £1.40/kg deadweight. This figure compares very favourably with the OTMS compensation price of £0.86/kg deadweight,” said Lowe.
"As you would expect, there is a large variation in price, depending on conformation, with most cows falling in the £1.25 to £1.67/kg range.”
Demand in the UK would increase once the big national burger chains switched to British cow beef, he said.