21 Nov 2024
UK Cattle and Sheep Market Update: 21st November
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Summary of Prices for Week Ending 16 November
Cattle
- The GB overall all-prime deadweight cattle price rose to 522.1p/kg, amid reduced kill numbers.
- Steers at R4L averaged 536p/kg (+5.7p), while R4L heifers reached 534p/kg (+6.2p). Young bulls saw the largest increase, up 7.1p to 509p/kg.
- Estimated prime cattle slaughter fell by 1,600 head (-4.6%), marking a four-week decline, suggesting the autumn kill peak has passed.
- Cow prices increased to 352p/kg (+4.6p), despite a slight rise in slaughter to 12,200 head (+100).
- Retail spend on beef rose 2.5% year-on-year, driven by higher average prices. Supplies are expected to tighten further in 2025.
Sheep
- GB new season lamb prices climbed to 649p/kg, a 23p rise week-on-week and 59p higher than 2023.
- Weekly lamb slaughter increased by 5% to 224,300 head, although year-to-date figures remain down 8% compared to 2023.
- Retail lamb sales grew 6.8% year-on-year, with roasting cuts driving demand. Export trade also supported prices.
Market Overview
Both cattle and sheep markets report strong trade, underpinned by robust demand, tightening supply, and retail growth in both beef and lamb.
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