Market Reports

Trading update Friday 16th October 2015

Cattle

Finished cattle have eased back slightly with processors complaining that Scotch Beef is extremely uncompetitive especially since Irish beef processors have cut their prices. Prices remain buoyant in the high 360’s p/kg but the edge has been taken off. Angus continue to attract base prices in excess of 380p/kg.
Cows remain plentiful in number and domestically face keen competition from exports despite the slightly improved currency exchange rate. Base prices remain in the region of 230-235p for R grades, with bonus available for stronger cows with improved conformation. Due to the large numbers coming forward please contact your fieldsman if you think you may have some coming forward in the next few week so we can make best use of haulage contractors.
Store cattle remain in strong demand, with finishers keen to take advantage of plentiful stocks of silage and cereals. If you are on the lookout for any cattle please contact your local fieldsman.

Sheep

Please note as of Monday 19th many of the processors are implementing compulsory belly clipping. Please see photos below of the Woodheads clip spec. If you would like your lambs clipped in the abattoir please let your fieldsman know and we will be happy to arrange.

woodheads clip pick
With the Euro hovering around 74p the deadweight lamb trade has held on again at base prices between 315p and 320p/kg. It seems we are at peak supply and abattoirs are seemingly just about coping with the levels of supply. To be fair, many of the processors are anxious about long term supply as we enter winter and do seem to be doing their best to hold prices up for in spec sheep supplied by Farm Stock. With some farmers trying to clear their decks ahead of tupping, large numbers of out of spec lambs are coming forward, either too fat or far to lean.
More lambs needed for next week, as a slight tightening of supply is anticipated, please contact your fieldsman if you need any advice on marketing your lambs going forward. Big Mule wedder lambs wanted for promotion with a major processor.

Organic cattle have eased back in price which is a bit disconcerting but hopefully numbers will start to shorten before too long and help put a bottom in the trade. Organic lamb prices remain very sticky and demand is very sluggish at best. Organic store lambs wanted, please phone the office in the first instance if you have any ready.

For Sale & Wanted

Store cattle wanted
Cheviot and Blackie store lambs for sale
All breeds of Tups available- Suffolk, Texel, Beltex and Blue Faced Leicester’s (Traditional and crossing)