Markets and prices

Beef and lamb

Beef and lamb

Cereals and oilseeds

Dairy

Pork

Potatoes



Latest news

Domestic wheat prices will be more exposed to global fundamentals this season following the hefty decline to UK wheat production estimates. We are likely to sit closer to import parity levels.

During the week ending 29 July the GB liveweight NSL SQQ increased 7.3p week-on-week, to 224.36p/kg. With prices at these high levels the key question on many minds is where will they go next? Some reports have suggested August could bring a return to more normal trade.

Hide and skin prices have been under long-term pressure, and it’s only been increasing since the beginning of the COVID-19 pandemic. Over the past seven years hide prices have fallen by almost two thirds.

Cow prices have been rallying across Europe in recent weeks. However, unlike the UK, most major countries are still pricing cows below year-earlier levels.

In the week ending 25 July, the EU-spec SPP slipped by 0.43p on the week to average 165.18p/kg.

In the w/e 25 July, the GB all-prime and cull cow average deadweight prices totalled 361.9p/kg and 263.6p/kg, respectively.

Continuing a strong start to 2020, EU fresh/frozen pork exports were up on the year again in May.

Chinese prices for liveweight pigs have been moving up since mid-May, supported by a lack of market-ready pigs.

Steak is now taking a larger share of the market

The OECD and FAO have jointly published the latest report on the World Agricultural Outlook for 2020-2029.

Global markets were generally supported last week by short term delays to harvest and reductions in the forecast of the global wheat surplus.

During the week ending 18 July the GB all prime average slipped a penny, to £3.60/kg.

The disruption caused by COVID-19 seems to have become evident in May trade figures, with UK exports recording a 2% decline on the year.

Global beef production is revised down by 1% to 60.8 million tonnes due to lower than expected slaughter in Brazil, China and North America

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