What’s influencing GB cattle prices?

Published 23 July 19

The GB prime cattle price has been on a downward trend since the end of Sep-18. Despite a slight rally in May, the GB R4L steer price has fallen by 44p since September, the biggest drop since 2014. What factors might have influenced this downward trend in market prices?

Historically GB prime cattle prices do tend to drop in the first half of the year. This reflects weaker demand for typical cuts from these animals at this time. Even in 2017 and 2018, prices did show drops in the first few months of the year. However, high Europe-wide demand for manufacturing beef in the past two years ultimately more than compensated. This led to an overall rise in prices through from mid-2016 to mid-2018.

While declines early in the year are not unusual, there are a number of forces currently at play, which are continuing to put downward pressure on GB prices.

Beef price dynamics Jul19 

You may also be interested in the following related articles, recently published by the AHDB Beef and Lamb market intelligence team:

-          Slower slaughter pace dampens EU beef production

-          UK beef production rises with heavier weights

-          EU beef production set to decline, but exports on the rise

-          GB prime cattle prices continue to fall

-          Market demand for GB beef

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Tom Forshaw