Welcome recovery in cattle prices

By FWi staff

CATTLE prices have shown a welcome recovery in recent months and are expected to hold at about 90p/kg into the New Year as supplies tighten.

Beef consumption has recovered to pre-BSE levels and consumers are continuing to support British supplies, despite the ongoing French ban on British exports.

However, throughput has declined for each quarter of 1999 by 4% compared with 1998, and that will continue into spring.

As a result, values have held between 86-98p/kg over the past year, a welcome change for many hard-pressed producers.

Despite the French saga, the end of the beef on the bone ban and the possibility of British beef exports on the horizon has brought a positive note to the end of 1999.

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