September 2017 Market Overview


GB Prime Cattle prices still on the rise

bistro food food plating

In the week ending 26 August 2017: GB all prime average climbed to its highest level since 2014. At 372.52p/kg, the measure gained 2.86p on the previous week and is 23.51p higher than the same period in 2016. There is a strong demand for prime cattle  though supply remains relatively tight. The prime avarage price rise was driven by an upturn in steer and heifer prices. Steer price gained 2.6p overall while the heifer price increased by 4.4p.Cow prices also remained firm with an overall price gain of 1.4p. The devaluation of the pound further against the euro is helping to support demand and prices returning to the continent.

Beef – EU Prices for Beef still rising 

An upward trend has  recently been recorded in EU prices  according to the latest data from the European commission. Young bull prices during August stand at 6% above those seen around a similar period in 2016.  Prices have remained stable during the early part of 2017 but the overall price has leapt by 4% over the past 7 weeks.


Week ending 30 August: An increase in the GB liveweight lamb prices of 9.744p on the week to average 192.32p/kg. Year on year the price series is now higher by 17.32p/kg. Prices began the week holding firm with week on week rises seen towards the end. Last Tuesday’s prices were over 16p higher than the week before. Throughput at auction markets rose 2.6% on the week before, at 142,991 head, 25% up year on year. The Muslim festival of Eid began on 31st August this year and buying for this has likely helped to support the price. During the week ending 26 August 2017 the deadweight price fell 5.6p on the week to 431.1p/kg however this is still 13.7p above the same week last year.


Pig prices UK

The UK-spec SPP resumed its decline in week ended 26 August despite some uplift in the previous week,. At 161.22p/kg, the quote dropped 0.48p on the previous week, which is the largest week-on-week decline since February. Nevertheless, the price still remains over 26p higher than equivalent 2016 levels.

WK ending 26 August, slaughterings were estimated to be lower than the previous week by 4%,at 162.7 thousand head. Some plants reportedly reduced their kill days in advance of the bank holiday, which may have limited demand. Throughputs were also 3% behind year earlier levels, perhaps also related to fewer kill days. Average carcase weights increased a little on the previous week, gaining 0.10kg to reach 85.05kg.

The UK-spec APP however, continued to make gains in week ended 19 August. The figure increased a marginal 0.08p on the previous week to stand at 165.18p/kg, which is 0.26p below the peak three weeks earlier, but remains over 29p ahead of year earlier levels. With the SPP showing a slightly larger increase in this week, the gap between the two series narrowed slightly, to 3.48p.


Poultry - Global Issues

The availability and the stregnth of the Euro is contributing to the rise in price

There has been a shortage of Chicken from Poland during August as was predicted by The Polish Office.  The EU supermarket promotions peaked during mid- August which meant less availability for the wholesale sector. As expected high demand, low availability of raw product and the dire exchange rate of the pound against the euro has resulted in price rises for Poultry from Poland. Further price rises can be expected if the pound continues its slide against the euro. Along with Poland the price of imported product from other EU countries most notably Belgium and Holland has also risen and once again the exchange rate is being cited as the root cause. As with the other categories further price rises can be expected should as predicted in some quarters the pound slides even further against the euro.

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