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Red Meat Prospects Conference. ‘Progress Through Partnership’. The market outlook for cattle and sheep The view from Scotland. Stuart Ashworth Head of Economic Services Quality Meat Scotland. What a difference a year makes. Cattle prices are at record highs Sheep are not.

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Red Meat Prospects Conference

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Red Meat Prospects Conference

‘Progress Through Partnership’


The market outlook for cattle and sheepThe view from Scotland

Stuart Ashworth

Head of Economic Services

Quality Meat Scotland


What a difference a year makes

Cattle prices are at record highs

Sheep are not


GB livestock prices


Scottish premium over England and Wales average steer prices


Scottish steer premium over England and Wales


Scottish premium over Eng & Wales average SQQ lamb prices


What a difference a year makes

Cattle prices are at record highs

Sheep are not

Breeding cattle numbers have declined

Ewes have not


Stock numbers change in 12 months to Dec 2012


GB cattle populationJanuary


GB male cattle populationJanuary


GB female cattle populationJanuary


What a difference a year makes

Cattle prices are at record highs

Sheep are not

Breeding cattle numbers have declined

Ewes have not

Retail price of beef has increased

Lamb has not


Movement in average retail prices source ONS


What a difference a year makes

Cattle prices are at record highs

Sheep are not

Breeding cattle numbers have declined

Ewes have not

Retail price of beef has increased

Lamb has not

Sterling has weakened against the Euro

And the dollar


Exchange rates


UK lamb prices


Exchange rates


What a difference a year makes

Cattle prices are at record highs

Sheep are not

Breeding cattle numbers have declined

Ewes have not

Retail price of beef has increased

Lamb has not

Sterling has weakened against the Euro

And the dollar

UK economy remains weak

So too does Europe


Economic snap shot

Source: European Commission


What a difference a year makes

Cattle prices are at record highs

Sheep are not

Breeding cattle numbers have declined

Ewes have not

Retail price of beef has increased

Lamb has not

Sterling has weakened against the Euro

And the dollar

UK economy remains weak

So too does Europe

Oh and we have had “horsegate”


So have things changed?

Consumers are wary of processed meats

So good news for prime cuts

Multiple retailers are feeling “unloved”

Good news for butchers and processors?

Provenance is becoming important

EU “COOL” legislation may speed up

PGI is an advantage

Supplies are tight and may get tighter

Multiple retailers more interested in their supply chain

More interest in partnering?

But to whose advantage?


GB regional beef pricessteer average


GB regional beef pricesGain on average R4L price at 40p over Eng & Wales Average


Some concluding thoughts

Medium term population growth will drive a steady demand at home and internationally

National and global stock numbers mean supplies will remain tight

Short term economic challenges will drive consumer behaviour and limit improvement from market place

Retail environment means supermarkets are looking for help

Cost price squeeze for producers and processors remains

Success lies in innovation and appliance of science


The Scottish beef and sheep industry – So we are in a good position then?


Red Meat Prospects Conference

‘Progress Through Partnership’


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