Cattle prices fall 40 per cent in recent months with supermarket meat prices slowly starting to fall

Robert Retallick says reduced demand from consumers has helped push prices down. (ABC Rural: Hamish Cole)

It has taken a while but the cost of supermarket beef has just gone down, months after cattle prices slumped from record levels last year. 

The price of low-quality meat has fallen by $2/kg in the major supermarkets in the past month, but the long period of high prices has changed people's consumption habits.