UK: Weekly cattle and sheep market wrap on 4 July 2024

Published 2024년 7월 4일

Tridge summary

GB deadweight prime cattle prices increased across all categories for the week ending 29 June, with steers, heifers, and young bulls averaging 478.7p/kg, 476.2p/kg, and 471.3p/kg respectively. The average deadweight cow price also increased to 360.3p/kg. Throughputs decreased for steers and young bulls, but heifer numbers remained stable. Improving weather and summer sports are expected to boost retail demand for beef. However, the GB deadweight new season SQQ average price fell for the second consecutive week, despite tight supplies. Estimated slaughter for the week was 186,500 head, a 3.5% increase from the previous week. The article also notes a seasonal downturn in lamb prices in the EU, potentially due to lower export demand and increasing spring supplies.

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

Original content

Prices for week ending 29 June GB deadweight prime cattle prices firmed across all categories in the latest week’s data, as throughputs lowered on the previous week. The average overall steer price gained 0.9p to sit at 478.7p/kg, whilst heifers moved up by 0.4p to average 476.2p/kg across all classifications. Young bulls saw the greatest uplift of the week averaging 471.3p/kg, up 2.5p on the week previous. Looking at prime cattle numbers, estimated weekly kill was down 1,000 head to total 33,100 animals. This decrease was driven by reduced numbers of steers and young bulls, whilst heifer numbers were flat on the previous week. Turning to cows, the GB overall average deadweight cow price was 360.3p/kg for the week ending 29 June. This was an uplift 1.2p on the week to sit back at the same price as two weeks previous. Estimated weekly cow kill was showed little change in number from the previous week. However, cow throughputs were down notably (-1,000 head) year-on-year. As the ...

Source: Ahdb