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Increased worldwide demand for red meat will it stop?
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The Baillie family take on LEAF Open Farm Sunday
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Prime old season lambs soared to near 270p per kg this week – 37-40p per liveweight kg up on the year Prime sheep values remain at record levels for the time of year and jumped again this week as reduced numbers in the supply chain combined with increased demand during lockdown began to bite. Prices rose a massive 16p per live kg on the week in Scotland on Monday, to average 265.7p for 5503 head which is a 5.3% increase in numbers on the previous seven days, while the SQQ increased 15.7p to level at 269.8p. It was a similar situation on Tuesday too with 3579 head selling through Scottish auction marts to level at 264.4p, which represents a rise of 15.1p on the week, with an SQQ of 266.4p, up 13.7p.
Prime beef prices quite often slip following the Christmas rush, however this year looks to have taken a steeper incline than producers expected. With Brexit and Covid-19 still rumbling around, it seems that it has been difficult for processors to plan their next few weeks of production, plus instances of self-isolating workers have significantly slowed down killing lines. So, even if there was strong retail demand, the processing capacity might not have been robust enough to cope, said trade insiders. According to AHDB, deadweight prices for steers and heifers hitting the R4L spec’ in Scotland were 380p and 382.3p per dwkg, respectively. This represented a fairly dramatic decrease of 9p for steers and 6.9p for heifers on the week.