Beef and Lamb Farmgate Prices Stay Strong

The unions’ livestock chairmen met this week to discuss a number of issues including market conditions and forecasts for 2009. The unions believe that fundamental market conditions mean producers are well placed to demand strong farmgate prices for their livestock.

Speaking after the meeting, NFU livestock board chairman Alistair Mackintosh said: “The feared supply imbalance being talked about in the late summer may well not materialise. It looks like the market conditions will be healthy for livestock farmers and supply looks likely to remain tight.

“It is vital that, when price pressure is applied, farmers remain confident and consider carefully the market conditions in deciding when to supply beef and lamb. It is crucial that farmers understand the market conditions and act accordingly.

“Over the last 12 months confidence has returned to both the sheep and beef sectors. Continued confidence in these sectors will lead ultimately to greater investment and a better end product being supplied to consumers. Looking at the current market conditions and our market forecasts, producers have good reason to remain confident of achieving sustainable farmgate prices during 2009.”

TheCattleSite News Desk

Sign up for our
regular news updates

Latest Beef Industry News

•   PSA: Poor Harvest Year May Have Altered Corn Quality
•   Smithfield Sees Profits Return
•   Livestock Feeding for Managing Phosphorus
•   NCBA Commends Senators On Beef Trade Resolution
•   EU Licence For Bluetongue Vaccine
•   Brazil’s Beef Output To Grow
•   Tight Supply Constrains Korean Trade
•   LMC Report: Improved Beef Demand In January
•   Weekly Australian Cattle Summary
•   CME: Beef Exports Trend Higher in January
•   Threat of Land Intensification and Abandonment
•   Global Food Security Programme Launched
•   Pressure to Rebuild Productive Capacity
•   Beef Board Appointments Announced
•   Natural Byproducts Increase Beef Safety