The Brexit vote is having an immediate positive impact for farmers in Britain. The weakening of the sterling, coupled to supply and demand, is seeing firmer prices in marts, at a time when prices are generally tailing of according to executive secretary of the Livestock Auctioneers Association Chris Dodds. The association represents auctioneering firms which run the livestock marts in England and Wales, it is also supported by the Institute of Appraisers and Auctioneers in Scotland.
“Across all sectors, including milk, there are firm prices being reported which is highly encouraging,” said Dodds, adding that the firm prices could also be attributed in part to a boost in demand on home sales.
Dairy cattle, prime cattle, prime lambs and culls are all seeing positive movement – with farmers getting higher returns when they sell through an auction, rather than to an abattoir. Although prices are buoyant at the moment the number of lambs coming through has been slower because of the weather.
“The exchange rate is, of course, assisting the export trade but it’s supply and demand that ultimately sorts out the price,” David Pritchard from Harrison and Hetherington (H & H). A dairy sale last week, at Borderway, Carlise, which is run by H & H, saw a quality cow in the second week of her lactation selling for £1700, and top heifers going to £1450 apiece.
Sheep
Katie Morris from Knighton mart agrees that prices are exceptional, recording a 50p/kg rise in fat lamb prices.
“Fat lambs have had a fair lift, averaging 212p/kg last week which is up 50p/kg on this time last year, and there’s plenty of competition out there at the moment in the livestock markets,” said Mark Woodmass from Longtown mart.
United Auctions in Scotland also echoed the price lift adding that lamb numbers were also lighter last week with less lambs coming forward due to the poor weather and the tail end of Ramadan.
The sterling to euro exchange rate remains at 85p to the euro after last Wednesday’s change from 83p to the euro.
Read more
Brexit: what it means for your farm
The Brexit vote is having an immediate positive impact for farmers in Britain. The weakening of the sterling, coupled to supply and demand, is seeing firmer prices in marts, at a time when prices are generally tailing of according to executive secretary of the Livestock Auctioneers Association Chris Dodds. The association represents auctioneering firms which run the livestock marts in England and Wales, it is also supported by the Institute of Appraisers and Auctioneers in Scotland.
“Across all sectors, including milk, there are firm prices being reported which is highly encouraging,” said Dodds, adding that the firm prices could also be attributed in part to a boost in demand on home sales.
Dairy cattle, prime cattle, prime lambs and culls are all seeing positive movement – with farmers getting higher returns when they sell through an auction, rather than to an abattoir. Although prices are buoyant at the moment the number of lambs coming through has been slower because of the weather.
“The exchange rate is, of course, assisting the export trade but it’s supply and demand that ultimately sorts out the price,” David Pritchard from Harrison and Hetherington (H & H). A dairy sale last week, at Borderway, Carlise, which is run by H & H, saw a quality cow in the second week of her lactation selling for £1700, and top heifers going to £1450 apiece.
Sheep
Katie Morris from Knighton mart agrees that prices are exceptional, recording a 50p/kg rise in fat lamb prices.
“Fat lambs have had a fair lift, averaging 212p/kg last week which is up 50p/kg on this time last year, and there’s plenty of competition out there at the moment in the livestock markets,” said Mark Woodmass from Longtown mart.
United Auctions in Scotland also echoed the price lift adding that lamb numbers were also lighter last week with less lambs coming forward due to the poor weather and the tail end of Ramadan.
The sterling to euro exchange rate remains at 85p to the euro after last Wednesday’s change from 83p to the euro.
Read more
Brexit: what it means for your farm
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