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AHDB Cattle and Sheep Weekly


25 November 2013

EBLEX Cattle Weekly - 22 November 2013EBLEX Cattle Weekly - 22 November 2013


Deadweight cattle prices edge up in some areas

The easing of deadweight prime cattle prices in recent weeks has appeared to have stopped. The all prime cattle average levelled on the week at 386.2p/kg. Reports suggest that, stimulated by the colder weather, the first hint of better demand could be filtering into the trade. However, caution amongst processors remains and is largely dependent on prospects for the upcoming Christmas period. The eagerly anticipated uplift in demand does have potential to exert some upwards pressure on price. However, with supplies on offer this week reported to be more than adequate, the market is still very finely balanced.

Share of boneless chilled product increases

The latest trade data from HMRC is now available on the EBLEX website. Exports in September were back almost a third on the year. Within the product mix, and continuing the trend for most of this year, higher valued boneless cuts accounted for over half of all fresh/chilled shipments, notably more than two years ago.

Despite lower shipments to some destinations, in the year to date these exports to the Netherlands are up by 36% and to France by 11% - close to volumes recorded in the record year of 2011. With the unit value of fresh/chilled boneless shipments averaging £5,500 per tonne in September, compared to the overall value of exports at £3,740 per tonne, it is clear how important growth in the higher value segment is in delivering returns to the UK industry.

Beef and veal imports in September were higher than year earlier levels largely on the back of increased shipments from Ireland. However, following a resumption of trade in April, shipments from Botswana have been increasing and in September amounted to 4% of the UK’s import requirement. A more detailed review of this trade development and the year to date position is available on the EBLEX website.

Food and Farming Minister to speak at AHDB Outlook 2014

Food and Farming Minister George Eustice will address the AHDB Outlook 2014 conference in February. The programme will explore factors that will affect businesses, including supply chain matters, international trade developments and how the UK industry can respond to emerging opportunities and threats. The beef and sheep breakout session will cover the outlook for the sector, including the latest AHDB/EBLEX supply forecasts. You can find further details of the conference here.

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