Grain

    Beef and sheep update

    If UK supply as reflected in the 2012 change in livestock numbers was the only determinant of price, beef prices would be rising while sheep prices would be falling.

    June Census statistics released this month show a number of significant changes to stock numbers.

    View the stock numbers for beef cattle and sheep from the UK June Census

    In a recession it might be expected that the cheaper sources of meat would increase, thus raising the relative price of pigs and poultry compared to beef and lamb.  EBLEX suggest that there is increased demand for the cheaper cuts of meat but this does not seem to impact on the total carcass values.  The international traded index values (January 2008=100) below have been corrected for currency – sterling weakened considerably in 2008 raising prices in sterling compared with the dollar used for trading.

    TRADED AND DOMESTIC CATTLE PRICES

    TRADED AND DOMESTIC SHEEP PRICES

    TRADED AND DOMESTIC PIG PRICES

    TRADED MEAT PRICES

    The price spread of the premium beef and sheep products over pigs and poultry has widened since late 2011.

     
     

    Key contacts

    Andrew Wraith

    Andrew Wraith

    Director
    Food & Farming

    Savills Lincoln

    +44 (0) 1522 508 973

    +44 (0) 1522 508 973

     

    Steve Hollis

    Steve Hollis

    Director
    Food & Farming

    Savills Salisbury

    +44 (0) 1722 426 853

    +44 (0) 1722 426 853

     

    Keith Preston

    Keith Preston

    Director
    Food & Farming

    Savills Oxford

    +44 (0) 1865 269 170

    +44 (0) 1865 269 170

     

    Ashley Lilley

    Ashley Lilley

    Director
    Food & Farming

    Savills Cheltenham

    +44 (0) 1242 548 012

    +44 (0) 1242 548 012

     

    Giles Hanglin

    Giles Hanglin

    Director
    Rural Research

    Savills Margaret Street

    +44 (0) 207 016 3786

    +44 (0) 207 016 3786