RISING foreign demand for beef and lamb has resulted in higher livestock
prices at home according to the latest Market Outlooks from MLC Economics.
But the production of both beef and lamb is forecast to fall next
year due to continued contraction in the numbers of animals on farm.
The latest Sheep Market Outlook shows a three per cent drop in the
number of sheep across the UK but increased demand for our lamb and
mutton on export markets, especially in France where exports rose
by six per cent in the eight months to August this year.
Overall, exports rose by 11 per cent while by October 21 the latest
price of 103p per kg liveweight was up 5p on the same week last year.
The latest Cattle Market Outlook shows total beef production is
expected to be up 15 per cent this year and export demand to have
grown since the lifting of the export ban earlier this year.
Royal Boost For British Beef
Pedigree Boost for British Lamb
Promoting English Beef and Lamb with Gusto