Price trends

In the week ending 22 July.

PIGS

In the week ending 22 July, the GB DAPP (Euro spec) averaged 107.64p/kg dw, a rise of 0.32p on the previous week. Exports of total fresh and frozen pork to the EU rose by 22% in May, with exports to Germany more than doubling to reach 1,899t. In contrast, exports to the Netherlands fell by nearly 22% month-on-month.

Exports of live pigs increased by just over 23% during May, to reach 7,547t. This increase was driven mainly by exports to Ireland of 4,256t. The UK imported 172,000t of pork during the January-May period.

CATTLE

The average price of steers and heifers at auction fell by 1.5p and 1.6p respectively in the week ending 22 July. The R4L deadweight steer price also dropped by nearly 1p to 213p/kg. Revisions to earlier UK trade figures mean that, in the five months to May 2006, imports from Ireland were virtually unchanged compared with a year ago, at 56,600t. The Netherlands, France and Germany were the main growth markets for British beef in May, as a result of the lifting of the UK beef export ban.

SHEEP

In the last four weeks, the overall average price of new season lambs at GB auction markets has fallen by just over 25p, to average 114.16p/kg dw.

The GB deadweight SQQ price fell sharply by nearly 11p week-on-week to average 264.5p/kg dw. Hot weather and tight feed supplies contributed to higher throughputs as producers finished their lambs earlier.

Strong export demand for sheep meat, in particular cuts, led to a 23% increase in UK sheep meat export value in the first five months of 2006, to £91m. Total imports of fresh and frozen lamb fell by 7% during the January-May period, to 52,100t. The value of sheep meat imports fell by 11%, to £135.6m.

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