Suckler cows in a field© Tim Scrivener
Sterling’s recent weakness has been a key factor in pushing up beef prices following the Brexit vote. The UK is only 75% self-sufficient in beef, and imports, mainly from Ireland, have become more expensive. This has bolstered finished prices, offsetting some stringent, buyer-driven reductions in maximum carcass weights, says Andersons consultant Ben Burton. “Well-managed businesses are generating positive margins. But the weaker pound has driven feed price rises, increasing pressure in an environment where a typical beef system continues to […]
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