top of page

Market Reports

Beef Market Outlook 

AHDBwebstripSHEEP.png

Lamb Market Outlook 

AHDBwebstripPORK.png

Pig Meat Forecast 

20th May

Please circulate this update to all relevant staff within your business.

Click Here for this week’s AIMS Market Update report. 

 

There are 2 bonus slides at the back of the deck which have been produced by Professor Jude Capper and which maybe of interest to members.

 

Please keep the information confidential within your business.

 

All AHDB, HCC, QMS and LMCMI Data is levy funded

 

The EU have failed to publish a Poultry Dashboard this week

 

Bord Bia have not published prices for Sheepmeat or Pigmeat this week

 

To read the latest edition of AHDB Cattle & Sheep Weekly: Click Here

 

To read the latest edition of AHDB Pork Weekly: Click Here

 

Catering Butcher Members

 

Pubs & Bars Report 2024

 

To read the 2024 Pubs & Bars Report from The Food People: Click Here

 

I read the report over the weekend (It is 101 pages long) and there is lots in it for butchers and some great ideas for you to discuss with your chef customers.

 

Rather than highlighting extracts I thoroughly recommend that you read it from start to finish.

 

Hybu Cig Cymru (HCC) Market Commentary

 

Sheep

 

The GB prime lamb average now stands at 822.9p/kg, a fall of 2p on the previous week. 

 

Despite the weekly fall, the average still stands firmly above the £8/kilo mark for the eighth consecutive week – almost 23% higher than the same period in 2023. 

 

The number of lambs forward fell by 14% on the week to 21,600 – the lowest throughput figure to date this year. 

 

Supplies remain tight, with estimated slaughtering for the week ending May 11th down 24% compared to year-earlier figures. 

 

The next religious event in the calendar is Eid al-Adha on June 16th, and likely to create an increase in demand, especially if supplies remain tight.

Cattle

 
The most recent average steer deadweight price in England and Wales stands at 485.2p/kg. 

 

This is the tenth week of price decreases, falling by 0.3p on the week. However, prices have somewhat stabilised, remaining around 485p/kg for three weeks and only falling by 1p since mid-April. 

 

The 9,500 steers forward were down 13% on the week, but with less days slaughtering due to a bank holiday. 

 

Cull cow averages continue on an upward trend, with prices increasing by 0.1p on the week to an average of 358.7p/kg. 

 

Again, numbers forward fell on the week and likely impacted by a shorter working week. The 5,300 cows forward were 5% lower than the corresponding week in 2023.

IGD Economics bulletin – Friday 17th May: Click Here

 

This week’s topics include wages, volumes and Farm to Fork summit

 

Restoring volumes: Click Here

Farm to fork summit

Wage growth

Unemployment and inactivity: Click Here

Shopper confidence boost

Quality Meat Scotland Commentary – Week 20 2024: Click Here

 

AHDB Market Commentary

 

Weekly cattle & sheep market wrap – 16th May 2024: Click Here

 

Lamb market update: what’s happening in New Zealand? Click Here

 

Livestock & Meat Commission for Northern Ireland (LMCNI)

 

For the LMCNI Weekly bulletin, Saturday 18th May: Click Here

 

And Finally… What does net zero mean for agriculture?

 

Different greenhouses gases require different pathways to reach net-zero emissions. The agriculture, forestry, and other land use sector emits a higher share of non-carbon dioxide gases compared to other sectors. According to the IPCC, it can reduce its emissions at a slower rate than sectors mainly emitting CO2. We outline the greenhouse gases in the sector, beyond carbon, and consider their specific reduction pathways.

 

Different greenhouse gases require different pathways to reach net-zero emissions, as do different economic sectors. We explain the different greenhouse gases that make up emissions in the agriculture, forestry, and other land use sector, and consider their specific reduction pathways.

 

According to the United Nations Intergovernmental Panel on Climate Change (IPCC), carbon dioxide (CO2) and fossil-based emissions should be reduced to net zero by approximately 2050. Non-CO2 GHGs such as methane and nitrous oxide should reach net zero at a later time, in the second half of the century.

 

As the agriculture, forestry, and other land use (AFOLU) sector has a higher share of non-CO2 and biogenic gases in its overall GHG profile, it is scientifically acknowledged that this sector reduces its emissions at a slower rate than sectors mainly emitting CO2. The sector’s significant carbon removal potential can also compensate for a larger amount of residual emissions compared to non-AFOLU sectors.

 

We anticipate that governments and companies will increasingly distinguish between net-zero (and decarbonization) targets for CO2 versus non-CO2 GHGs, versus GHGs as a whole, reflecting their different reduction pathways.

 

As decarbonization targets can refer to different emissions scopes and GHG types, this may add to consumer confusion. Moreover, we are already seeing ambiguous use of green claims from some companies, as well as the first regulatory efforts to reduce this issue.

 

Source: Rabobank Commentary.

13th May

Please circulate this update to all relevant staff within your business.

Click Here for this week’s AIMS Market Update report. 

 

Please keep the information confidential within your business.

 

All AHDB, HCC, QMS and LMCMI Data is levy funded

 

Click Here for the current EU Poultry Dashboard for Week 18 2024

 

There are 5 additional slides at the back of the main slide deck:

 

2 Looking at the price of Knuckle

1 covering GB Fuel Prices

2 slides from Rabobank’s Global Pork Q2 Report

 

To read the latest edition of AHDB Cattle & Sheep Weekly: Click Here

 

To read the latest edition of AHDB Pork Weekly: Click Here

 

England Only

 

Farm practices survey February 2023 - greenhouse gas mitigation: Click Here

 

  • Nutrient Management – 56% of holdings have a nutrient management plan and this proportion is similar to recent years.

 

  • Anaerobic digestion – 9.0% of farmers process waste by anaerobic digestion compared to only 5% five years ago.

 

  • Emissions – 53% of farmers are currently taking action to reduce GHG emissions from their farm. The two most popular actions are “improving energy efficiency” and “recycling waste materials from the farm”.

 

  • Fertiliser, manure and slurry spreaders – 81% of holdings spread manure or slurry on grass or arable land whereas 84% of holdings spread fertilisers on their grass and arable land.

 

  • Manure and slurry storage – temporary heaps in fields and heaps on a solid base were equally the most common form of manure storage (75%). Storage in tanks remains the most common facility for slurry (19%).

 

  • Farm health planning and biosecurity – 73% of livestock farmers have a Farm Health Plan. This has remained largely unchanged in recent years.

 

  • Grassland and grazing – 74% of livestock holdings sow some or all their temporary grassland with a clover mix. High sugar grasses were sown on 59% of livestock holdings with temporary grassland.

 

  • Livestock feeding regimes and breeding practices – 71% of holdings with livestock use a ration formulation programme or nutritional advice. This has consistently been the case for the last five years.

 

 

Results are presented at England level and the topics covered include:

 

 

 

 

  • Fertiliser, manure and slurry spreaders: Click Here

 

 

  • Farm health planning and biosecurity: Click Here

 

 

  • Livestock feeding regimes and breeding practices: Click Here

 

Hybu Cig Cymru (HCC) Market Commentary

 

Sheep

 

The prime lamb SQQ average has fallen by almost 25p on the previous week following record highs of 860p/kg during the weeks prior. 

 

The average across GB now stands at 824.9p/kg for the week ending 4th May. 

 

The deadweight average continues to trend higher than the £8/kilo mark, and is some 23% higher than the corresponding week last year. 

 

Numbers forward were up 14% on the week to around 25,200 head – however this level remains some 9% lower than year-earlier levels. 

 

Tight supplies continue to provide support as prices remain at record highs, however there are reports of some re-balancing within the sheep sector which is likely reflected in the most recent average.
 

Cattle


The steer deadweight price for England and Wales recorded its 9th week of price decreases, with the most recent average now sitting below year-earlier levels by 4p. 

 

The average fell by 0.2p to stand at 485.5p/kg. This is the lowest average recorded so far in 2024. 

 

Steer numbers forward were down 2% on the previous week at around 10,900 head – which is 9% higher than the corresponding week last year. 

 

In contrast to the steer average, the cull cow average continues to gain momentum, with the average recording an uplift of 3p to 358.6p/kg. 

 

This is some 65p higher than the longer-term 5-year average. Cull cow numbers forward were similar on the week at around 6,300 head.

IGD Economics bulletin – 10th May: Click Here

 

This weeks topics are:

 

  • Labour review response

  • No recession

  • Economy forecast

  • Interest rates

  • New Scotland First Minister

 

Quality Meat Scotland Commentary – Week 19: Click Here

 

QMS Comment on BSE Case: 

 

Quality Meat Scotland Chair, Kate Rowell, also a farmer and qualified vet, said: “It is reassuring that the checks have identified this isolated case. This offers reassurance that the official prevention response plan and surveillance systems in place are working effectively.

 

“There are no human health implications and we are strongly urging the media to report this single case responsibly and accurately to avoid any unjustified concern from the public.

 

“We continue to be in close contact with Scottish Government and all relevant stakeholders.”

 

AHDB Market Commentary

 

EU Short Term Outlook: Beef and Sheepmeat summary: Click Here

 

Key Points:

  • EU beef production is expected to see a production fall of 2.3% in 2024

  • EU sheep meat production is estimated to fall by 4.9% in 2024

  • Low supplies coupled with inflationary pressures are limiting consumption.

  • The EU market remains attractive for imports of beef and lamb, meanwhile a small decline in exports is foreseen.

Weekly cattle & sheep market wrap – Thursday 9th May 2024

Prices for week ending Saturday 4th May 2024 Key points:

  • Deadweight prime cattle prices remain stable, as average cow prices continue to gain strength.

  • GB deadweight old season lamb price dropped from last week, the largest decline seen this year.

  • The first week of reported deadweight NSL prices show growth of 195p compared to last year, to 915p/kg.

  • GB estimated lamb slaughtering’s increased on the week but remain behind the pace compared to last year. 

To read the report in full: Click Here

Members may also be interested in: GB animal feed production steadies in March: Grain market daily: Click Here

 

Livestock & Meat Commission for Northern Ireland (LMCNI)

 

For the LMCNI Weekly bulletin, Saturday 11th May: Click Here

 

And Finally… Podcast: Agri-Food for Thought Ep 9 - Rising Input Costs, feat. Special Weather Analyst.

 

Listen now as Jamie and Simon talk all things food and agriculture from around the globe. Plus, this episode features a special weather segment with Mintec's own Lucy Simmonds.

 

To listen to the podcast: Click Here

bottom of page