- news, features, articles and disease information for the beef industry

AHDB Cattle and Sheep Weekly

13 July 2016

AHDB Cattle and Sheep Weekly - 11 July 2016AHDB Cattle and Sheep Weekly - 11 July 2016

Solid upwards momentum in the cattle trade

For another week, there was upwards movement in the cattle trade demonstrating that the market remains comfortably settled in producers’ favour. In week ended 2 July, the all-prime average strengthened by another penny on the week to average 325.9p/kg. As such, the measure has now moved up 16p/kg over the past two months or so. Reports continue to suggest that, while processors maintain a cautious approach, there is still some competition in the market. Waiting lists for processing cattle of all types are still non-existent. The firmness in the market is most likely a reflection of a steadier retail environment than previously expected. However, imports from Ireland, which have been down year on year in the first four months of 2016, could well be slowing down even further, given the recent movement of sterling against the euro.

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