The beef talks in Backweston have concluded after more than 12 hours of discussions between the various parties.
The independent Chairman Michael Dowling will circulate a document based on the proposals that were put forward.
IFA President Joe Healy said some progress had been made on market transparency and the introduction of a price index.
There is also a commitment to look at the market specifications that impact on price that exist in the grid.
It is expected that the talks will re-convene on Thursday or Monday next.