GB cattle prices down despite drop in supply

GB liveweight cattle prices fell marginally in the week to 14 March, despite a decline in throughputs.

Values lost 1.19p/kg on the previous week, averaging 196.54p/kg, with numbers through markets down by 5.11% to 3,973 head.

The producer share of the beef retail price eased in February on the back of a decline in farmgate values and a rise in retail prices.

As a result, the producer share of the final retail price was down one percentage point compared with the previous month, at just over 50%.

See also: Outlook: Beef, sheepmeat and pork markets in 2017

Beef production is forecast to be marginally lower in the coming year, so the farmgate price outlook is more favourable than it was at this time last year, said a report by AHDB Beef and Lamb.

In European markets, the latest figures show Polish beef production increased during 2016 compared with 2015, up about 30,000t to 501,400t.

While overall export figures did not increase – staying at about 360,000t – Polish beef is now reaching more countries.

Exports to the UK are small but growing – increasing by more than 60% between 2014 and 2016. However, total volumes of Polish beef accounted for only 5% (14,800t) of total UK beef imports.