In December AHDB released its forecasts for cattle and sheep production. Since then the market has changed dramatically with much of Europe now in ‘lockdown’ due to coronavirus. Sheep prices have come under pressure with a lack of demand both domestically and in Europe, and the cattle industry is struggling with carcase balance.
New Zealand volumes of sheep meat to the EU plus UK were marginally up during the first two months of 2020 at just shy of 25,000 tonnes. New Zealand’s usage of its EU quota (which for now includes the UK) during the first three months of the year was steady on-the-year.