There was forwards movement across the categories of prime cattle with all reaching new record highs. Prices were up 15% on the year, but this premium has narrowed from 20% over the past six weeks as values rose at a quicker pace last spring. There were also gains at auction with the prime cattle average edging higher despite a large decline in young bulls.
At the GB level hoggs brought the 2011/12 season to a close with a sharp decline. Values also softened at Scottish auctions. Hoggs dropped below the £2 a kilo mark for only the second time this year and slumped to a five-and-a-half month low. Ewes fell to a seven-week low and closed the season £8.50 a head cheaper than they began it.
The DAPP picked up seasonally, though it moved forwards at the slowest pace since its turning point at the beginning of March. Prime pigs are worth 3% more than a year ago.
|Young Bulls (p/kg)||359.3||+4.9||162.27||-24.25|
|SHEEP||Hoggs SQQ (p/kg)||
*All prices are Scottish average except Sheep and Pig deadweight prices, which are GB. Data collection coordinated by AHDB Meat Services (Economics) on behalf of QMS.