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The Red Meat Prospects Conference, themed 'Progress Through Partnership', presented valuable insights into the current market outlook for cattle and sheep in Scotland. Stuart Ashworth, Head of Economic Services at Quality Meat Scotland, highlighted significant changes over the past year, including record-high cattle prices and the challenges facing sheep prices. The discussion also covered breeding cattle declines, consumer behavior regarding processed meats, and the importance of provenance. Ultimately, innovation and strategic partnerships will be key to navigating a tightening supply landscape.
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Red Meat Prospects Conference ‘Progress Through Partnership’
The market outlook for cattle and sheepThe view from Scotland Stuart Ashworth Head of Economic Services Quality Meat Scotland
What a difference a year makes Cattle prices are at record highs Sheep are not
Scottish premium over England and Wales average steer prices
What a difference a year makes Cattle prices are at record highs Sheep are not Breeding cattle numbers have declined Ewes have not
What a difference a year makes Cattle prices are at record highs Sheep are not Breeding cattle numbers have declined Ewes have not Retail price of beef has increased Lamb has not
What a difference a year makes Cattle prices are at record highs Sheep are not Breeding cattle numbers have declined Ewes have not Retail price of beef has increased Lamb has not Sterling has weakened against the Euro And the dollar
What a difference a year makes Cattle prices are at record highs Sheep are not Breeding cattle numbers have declined Ewes have not Retail price of beef has increased Lamb has not Sterling has weakened against the Euro And the dollar UK economy remains weak So too does Europe
Economic snap shot Source: European Commission
What a difference a year makes Cattle prices are at record highs Sheep are not Breeding cattle numbers have declined Ewes have not Retail price of beef has increased Lamb has not Sterling has weakened against the Euro And the dollar UK economy remains weak So too does Europe Oh and we have had “horsegate”
So have things changed? Consumers are wary of processed meats So good news for prime cuts Multiple retailers are feeling “unloved” Good news for butchers and processors? Provenance is becoming important EU “COOL” legislation may speed up PGI is an advantage Supplies are tight and may get tighter Multiple retailers more interested in their supply chain More interest in partnering? But to whose advantage?
GB regional beef pricesGain on average R4L price at 40p over Eng & Wales Average
Some concluding thoughts Medium term population growth will drive a steady demand at home and internationally National and global stock numbers mean supplies will remain tight Short term economic challenges will drive consumer behaviour and limit improvement from market place Retail environment means supermarkets are looking for help Cost price squeeze for producers and processors remains Success lies in innovation and appliance of science
The Scottish beef and sheep industry – So we are in a good position then?
Red Meat Prospects Conference ‘Progress Through Partnership’