Firmer beef prices expected in 2015
Beef cattle prices will become stronger next year amid tighter supplies, according to the latest market update from Eblex.
Eblex reported beef prices will benefit from lower imports and “robust” exports, creating steadier prices going into the new year.
Debbie Butcher, market intelligence analyst at Eblex, said the trade was recovering from a “difficult summer”, and pressure caused by over-supply over the past nine months.
“However, with supplies available next year falling, the UK beef market should be under less pressure than it has been for much of 2014. As such, the possibility of firmer prices should improve, although, as ever, it will depend on consumer demand.
“Also, while production levels are expected to be lower, firm demand for manufacturing beef could potentially support exports into 2015. The fifth-quarter trade is also likely to present the industry with an opportunity to maximise returns through full utilisation of the carcase,” Butcher explained.
Similarly, Butcher said the beef trade would benefit from demand in the retail sector, which she said was holding up of late.
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