UK: Weekly cattle and sheep market wrap on 05 December 2024

Published 2024년 12월 6일

Tridge summary

Deadweight prime cattle prices increased across all categories in the week ending 30 November, with R4L specification steers and heifers averaging 550p/kg and 547p/kg respectively, and young bulls averaging 521p/kg. The average overall cow price also increased by 4p to 362p/kg. Price increases were recorded in all reporting regions, with the steepest increases in Scotland. Estimated GB prime cattle slaughter decreased by 1% to 33,100 head, while estimated cow numbers increased by 2% to 11,700 head. Deadweight lamb prices also increased for the fourth consecutive week, with the GB new season SQQ averaging 686p/kg. Estimated GB clean sheep slaughter recorded marginal movement, with throughputs back 19% year-on-year due to storm flooding. Retail demand for Christmas 2024 is anticipated to outstrip 2023 by 20%, with meat performance in line with overall growth.

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

Original content

Prices and throughputs for week ending 30 November Deadweight prime cattle prices continued to gain strength in the week ending 30 November, with all categories reporting uplifts week on week. R4L specification steers saw strong movement, up 8p to average 550p/kg. Meanwhile, R4L heifers gained 6p to average 547p/kg, while young bulls gained 7p overall to average 521p/kg. The average overall cow price increased by 4p to 362p/kg. Price increases were seen across all reporting regions with prices recorded in Scotland showing the steepest increases across all cattle categories. Estimated GB prime cattle slaughter eased by 400 head (-1%) to 33,100 head for the week. However, estimated cow numbers picked up by 300 head (+2%) to 11,700 head. Our revised UK beef production forecast for 2024 anticipates UK production to reach 933,000 tonnes, up 4% against 2023, driven by a 4% increase in prime cattle slaughter. Looking ahead into 2025, a sharper reduction in supply is expected, with UK ...

Source: Ahdb