Demand for finished cattle is on the rise with base in the region of 372p/kg. Numbers are certainly back and retail demand is said to be slightly better. Numbers coming forward are forecast to remain easier till July. Cows are a real trade with base now to 310p, numbers are tight and there probably won’t be any significant numbers coming forward until after Spring calving has finished. With silage stocks low and no sign of Spring it will be interesting to see if we see dairy producers culling out poorer yielders to prioritise feed stocks.
Having travelled to the South of England yesterday, it is clear to see huge parts of England have no grass either, this is putting pressure on long keep store cattle which would typically go straight to pasture.
Quoting deadweight prices this week is extremely difficult as it really does depend on the quality of the batch. Safe to say that well fleshed hogget’s at decent weights are now in excess of £6/kg as the week has closed. Leaner, lighter hogget’s failing to meet spec are less money.
The trade has risen once again to prices not seen before, with a shortage of numbers and strong demand, especially from European exporters. The huge increase in the numbers of lamb eating refugees from the Middle East who have settled throughout Europe is said to be have lead to a significant increase in demand.
The high prices are certainly a boost for sheep producers and particularly for finishers but we must remember at these prices, lamb is unaffordable for the average consumer.
With sheep at record prices, please remember that Farm Stock has credit insurance against all primestock sales and your money is 100% guaranteed.
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Organic cattle are a similar trade with up to 420p achieved in the last week. Organic hogget’s have closed at 620p base as the week has closed. More hogget’s urgently needed.