UK: Great Britain cattle prices rise into the new year

Published 2023년 2월 9일

Tridge summary

GB cattle prices experienced a significant increase in January 2023, with all-prime deadweight cattle averaging 454.7p/kg, a 13p increase from December and 48p higher than the previous year. Steer prices rose by 12p to 456.2p/kg, and heifer prices increased by 14p to 454.8p/kg. Young bull prices also saw an upward trend, averaging 435.9p/kg. Cow prices increased by 21p to 366.8p/kg, showing a year-on-year rise of 86p. The estimated cattle slaughter for January increased by 3% year-on-year, and cow slaughter rose by 7%. The price growth despite more cattle forward suggests strong competition. Both GB and Irish cattle prices are on a rising trend, with cow values experiencing particular uplift.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Following on from historic highs in December, GB cattle prices continued to rise in January 2023. The GB all-prime deadweight cattle price averaged 454.7p/kg during the month, up 13p from December’s average and up 48p year-on-year. GB steer prices averaged 456.2p/kg overall in January, 12p ahead of December and up 49p on the average recorded for January 2022. Weekly prices appreciated continuously as the month progressed, up 15p from the first week to the last. For heifers, weekly prices saw steeper growth, up 17p during January, with a monthly average of 454.8p/kg. This was a further increase from December’s average, by 14p, and up 48p compared to January 2022. Growth in average young bull prices showed more fluctuation but remained on an upward trajectory, peaking in the final week at 440.3p/kg. For the month, the measure averaged 435.9p/kg. This was higher than averages for both December and January 2022, up 15p and 47p, respectively. Cow prices increased 21p during the month ...

Source: Ahdb