AHDB Cattle and Sheep Weekly
21 November 2016
Cattle trade in cautious mood
In week ended 12 November, the cattle trade was again generally steady. At 349.8p/kg, the GB all-prime average was up just over a penny on the week earlier. Demonstrating the fine balance in the trade, this meant that the measure has fluctuated around the 350p/kg mark for round five weeks or so. However, while processors are very active in the market as they ensure that their chill rooms are full enough for the seasonal peak in demand at Christmas, there is still a degree of caution in the air.
If consumer demand for beef is not as robust as would ‘normally’ be expected, they may be left with sizeable quantities of product to move onto the retail market in the new year. Consequently, reports suggest that, at the moment, there is still a general reluctance to increase quotations across the board. Accordingly, producers delivering what their processer wants, in the right quantity, will be best able to secure better returns by solid negotiating.
DOWNLOAD REPORT:- Download this report here