Market Reports

Friday 3rd November 2017

Cattle

The cattle trade is looking pretty bullish at the moment with Christmas slaughtering now underway. Demand for continentals is very firm and waiting lists are very short, with prices firming as the week has gone on. The balloon in numbers out of the West of Scotland seems to be abating. Short and medium term outlook remains universally positive across the trade with numbers forecast to be tight. Angus cattle remain easier. If commentators predictions are right then forward stores look a good buy at the right money, though access to good straw and forage is likely to remain a limiting factor until turn out.

Cull cows remain keenly competed for and we foresee the trade staying firm. More wanted for immediate uplift.

Strong stores wanted.

Lambs

Finished lambs are still coming thick and fast and speaking to producers there seems to be plenty of lambs still to come out up upland areas. Supply and demand remains balanced with the trade unusually settled for almost a month. Standard weights 365-370p.

As mentioned last week, AHDB is forecasting an increase of 3% in the lamb crop this year, even more significant is that 2017 slaughtering (including hogget’s in Quarter1) are up only 1% and that new season lamb sales through the live ring in Q2 & Q3 are back just under 8%. So there has either been a massive switch to deadweight marketing or there are large numbers of lambs still to come! So as we look towards Christmas, unless there is a significant unforeseen event or really bad weather to curtail volumes we are unlikely to see a uplift of more than 10-20p/kg.

Lights remain sticky, there is the potential 2 week window for them at Christmas. Please keep in touch with your fieldsman about this and plan feeding accordingly.

MORE LAMBS WANTED, NEW CONSIGNORS WELCOME

Organics

Organic cattle are very difficult to move at the moment, with very low demand and major oversupply. Organic lambs still maintaining a 10p premium which is positive news given the numbers coming forward.
Good flock of Organic Ewes for sale as part of a genuine dispersal for sale. Mules and Texel x Ewes in flock ages.