Prime hogg prices have started the New Year more strongly than is typical for the beginning of January, says Stuart Ashworth, head of economic services at QMS.
"Typically the first few weeks of the year is a period when the market rebalances itself after the turmoil of the festive period. Consumers become more frugal with their regular food budget as they adjust from the eating and spending excesses of the holiday period. It is not uncommon to see cattle and hogg prices drift lower through January as the market adjusts," observed Mr Ashworth.
This year, however, hogg prices have been edging higher at auction markets and comparing favourably with prices 12 months ago. What is equally pleasing for producers, he said, is that this price increase has occurred despite a higher volume of prime lambs and hoggs reaching the market than last year.
From June to November UK prime lamb slaughtering has accounted for some 350,000 head, 5% more than in 2013, and auction throughput during December continued to run ahead of last year for GB as a whole, but was similar in Scotland.
"An equally striking feature of the current sheep-meat market is the particularly firm price of cull ewes. The strength in the cull trade is a reflection of the reduced numbers of cull animals reaching abattoirs," observed Mr Ashworth.
Over the period from June to the end of November cull ewe slaughtering across the UK has been some 13% lower than 2013. The volume of ewes passing through auction markets during December continued to be lower than the previous year so, by historic standards, cull sheep are in tight supply. This, said Mr Ashworth, may also have helped demand for heavy lambs/hoggs which have been selling well.
"There is, then, some underlying strength in the UK sheep-meat market. A contributory element here may well be that although the UK may be well supplied in sheep-meat this is not the case on a wider European stage.
"With the exception of Italy and Romania, all the major sheep-meat producing countries of Europe, and most of the small producers as well, have seen stock numbers slide," he added.
Market round-up
The Cumberland and Dumfriesshire Farmers Mart sold 5347 prime hoggs in Longtown on Thursday to a top of £121 per head and 272p per kg to average 199.7p (+7.7p on the week).
There were also 4221 cast sheep forward when heavy ewes sold to £144 for Texels and averaged £95.75 (-£12.92), while light ewes peaked at £104 for Lleyns and levelled at £63.62 (-£7.56). rams sold to £156 for a Suffolk and averaged £90.69 (-£10.52).
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules hereComments are closed on this article