Animal farm gate prices drop in March

Overall farm gate prices for animals have dropped year-on-year for the month of March.

According to the Agricultural Price Index, output prices of animals for slaughter fell by 3.3% in March compared to the same month in 2014. This was a 1.3% drop compared to the previous month.

This decrease was driven by an 18.9% year-on-year drop in pig prices. It cites ample supplies, reduced demand and pressure on prices in the EU for the drop.

Poultry prices also dropped 2.6% year-on-year for March and saw a 4.5% drop compared to February. Sheep and lamb prices saw a minute 0.5% drop compared to the same month last year but was up 4.5% on the previous month while cattle and calves were up 1.2% year-on-year but down 1.3% on February.

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