Lamb Market Update: Steady Prices Amid Fluctuating Supply
Overview The lamb market in Great Britain has shown resilience, with both store and finished lamb prices holding firm. Despite some fluctuations in supply and demand, the market remains relatively stable compared to last year’s figures. Finished Lamb Prices The average price for new season lambs in Great Britain, measured by the Standard Quality Quotation […]
Defra Survey Reveals Lowest English Sheep Flock Numbers in Over a Decade
Overview The latest annual livestock survey by the Department for Environment, Food & Rural Affairs (Defra) indicates that the English sheep flock has reached its lowest numbers in twelve years. The data, collected in June 2023, shows a year-on-year decline of 3.2% in the overall sheep population. Breeding Flock Statistics The female breeding flock experienced […]
UK Grain Futures Remain Unaffected by US Market Fluctuations
Introduction Despite recent price increases in the Chicago grain markets, UK feed wheat futures have not followed the same trend. The UK and European grain futures have remained relatively stable, with the sterling-dollar exchange rate showing variability as key economic data from the US is awaited. UK Market Stability As of 1:00 pm on Friday, […]
Beef Production in GB Set to Increase, Despite Decline in Youngstock Numbers
Recent findings from the British Cattle Movement Service (BCMS) suggest an uptick in the number of prime cattle ready for beef production in Great Britain (GB) compared to the previous year. As of 1 July 2023, the total count of the GB cattle herd stood at 7.9 million head, representing a 0.9% dip from the […]
EU Approval Necessary for SIS Payment Increases, States Minister McConalogue
Any potential increases in the Sheep Improvement Scheme (SIS) payments to Irish sheep farmers would necessitate the consent of the European Commission, says Charlie McConalogue, the Minister for Agriculture, Food and the Marine. The current SIS payment rate is €12 per breeding ewe, provided the farmers complete two actions from a list of options outlined […]
Consumer Preferences Shift in Red Meat and Dairy Purchases
During the Covid lockdowns, factors such as enjoyment, variety, and the desire for change played a significant role in food purchasing decisions. However, with the easing of restrictions and the ongoing cost-of-living crisis, there’s been a noticeable shift in consumer behaviour. The emphasis on variety during mealtimes has lessened, with many households now favouring simpler […]
