Strong livestock prices offer respite as costs rise

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Strong livestock prices at market continue to offer some respite for farmers in a period when the cost of agricultural inputs is rising sharply due to the price of energy and the war in Ukraine.

Latest monthly analysis of trends in the lamb, beef and pork sectors by Hybu Cig Cymru – Meat Promotion Wales (HCC) shows the average deadweight prime cattle prices in England and Wales have been firm, with the current average for steers stabilising at 437.9p/kg.

This is 46p above year-earlier levels and substantially higher than the long-term average. Liveweight prices for new season lambs averaged 330.0p per kilo, which is likewise 66p higher than the five-year average for the time of year.

Commenting on the figures, Katie Davies, vice-chair of the Livestock Auctioneers’ Association Wales, said: ‘We continue to see a buoyant trade in the finished and cull rings for both sheep and cattle.

“As the trade in old season stock moves towards an end, the new season lambs are currently looking a promising trade.

“The forthcoming Qurbani festival will hopefully create demand for the sheep sector that will keep prices strong. The good returns that continue to be seen in the finished sheep and cattle rings are continuing to pass through to the store ring for both breeding and finishing animals.”

 

Wales Farmer

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