Meat & Livestock News

UK Cattle and Sheep Market Update: 27 October 2023

etawa goat or jamnapari and goat in the farm. Javanese Goats.

The cattle and sheep markets in the UK have shown varied trends this week, with certain categories and regions experiencing different price movements.

Cattle Market Overview:

  • The cattle market witnessed mixed price trends, with Victoria and NSW generally maintaining or improving prices, while Queensland, South Australia, and WA saw a decline.
  • Cattle yardings decreased by 3,753 to 43,490 head, with several major sales in NSW and Queensland reporting lower numbers than the previous week. Some fortnightly sales were not conducted.
  • Heavy steer prices increased by 4¢, finishing the week at 205¢/kg live weight (lwt). This rise was attributed to active processor bidding and improved conditions from the previous week.
  • Conversely, the feeder steer indicator dropped by 2¢, ending the week at 204¢/kg lwt. While prices in NSW increased by 4¢, they declined by 8¢ in Queensland due to dry conditions affecting buyer demand and the condition of the feeder steers.

Sheep and Lamb Market Overview:

  • The sheep market generally saw a decline this week, with increased yardings and varied animal conditions leading to price drops.
  • Total yardings rose by 82,095 to 309,714 head, primarily due to a significant increase in lamb yardings.
  • The restocker lamb indicator decreased by 34¢ over the week, finishing at 327¢/kg carcase weight (cwt). Despite a rise in prices at Naracoorte, the overall trend in NSW and Victorian saleyards was negative.
  • The heavy lamb indicator remained stable at 507¢/kg cwt. The market has shown a consistent preference for heavier, well-conditioned lambs over lighter or unfinished ones, especially among export buyers.

Slaughter Data:

  • Cattle slaughter numbers surged to 132,421 head, marking the highest for the year and the largest weekly figure since May 2020. All states, except South Australia, reported an increase.
  • Combined lamb and sheep slaughter decreased by 10,371 to 575,779 head. This was due to a decline in lamb slaughter numbers, while sheep slaughter figures rose.