Keeping up to date with all of the latest beef market information is crucial. Here we have all the latest analysis and insight from our industry experts to help guide you through market movements and provide a clear, impartial view on what it all means.
Coronavirus has not been positive for hide prices. The hide market had already been under pressure for some months, but further concerns about demand and the supply chain’s ability to keep running have pushed prices lower.
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.
Looking back over the past five years there is very little link between GB farmgate and retail prices. Although the overall average retail price appears to fluctuate week-on-week, this is really because of changes in the weekly mix of products sold.