AgriFacts October 2018 Your monthly roundup of news, prices and other farming matters
Livestock Market Update Cattle Prices - There has been a recent rise in both deadweight and liveweight cattle prices after a very dry summer, however prices are still 4.57p below 2017 levels, but up 6.55p on the 5-year average. Overall steer prices sit at 370.3p/kg, whilst heifers sit marginally higher at 371.2p/kg. Of all prime cattle, there has been a 1,274 decrease in throughput between 15/01/2018 and 08/09/18. Overall prime cattle numbers are said to be up approximately 800 head on the same week in 2017, it is believed that markets could see an increase in the stock levels in the coming month as producers decide whether they have suitable forage levels to see these cattle through the winter. Within the store ring, numbers forward have been comparable of latter years however the demand for cattle has left a two-tier market with buyers being more selective and happy to pay for the first quality cattle leaving second and third rate stock falling behind. The lack of forage being the main driver going into winter housing. Prices remain firm for those that ‘fit the bill’ with well bred cattle still selling in excess of 200p/kg. Lamb Prices - Towards the end of September, liveweight lamb prices have eased slightly, however still sit around 170.60p/kg, 7.5p above prices this time last year.
to abattoirs, with slaughtering’s being 2% higher than this time last week. Store lamb numbers are on the seasonal rise meeting comparable prices to last year, there is however a slight lack of demand for short keep lambs due to grass shortage and lack of enthusiasm in the prime ring. Breeding ewe sale are nearing the seasonal end, and what a harder season it has been, the lack of grass in the spring/summer has left ewes lacking the quality and growth compared to previous years. Nonetheless, first quality well bred yearlings have still attracted top prices despite the uncertainty in the sheep business going forward, however a large number of harder placed ewes have entered the market this year seeing a national average decrease of £8 per head. Future breeding stock has faced the harshest season with running ewe lambs falling foul of the lack of summer growth. In the north, markets have reported some running ewe lambs have seen a drop of £20 per head with purchasers looking for less numbers due to the lack of demand for yearlings this autumn.
Deadweight prices have fallen over 9p in the week ending 15 September which follows trends from the previous 4 weeks also, however this was still 9p above levels recorded earlier in the year.
Pig Market - Pig market prices continue to fall, with UK Standard Pig Price sitting at 145.12p/kg, down 14.30p on last year’s price. Estimations predict that slaughterings were down around 4,500 head on the previous week. However, reports suggest that supply is successfully meeting demand, even though these figures are not as high as what would be expected for this time of year.
Auction markets have seen a fall in the throughput of lambs, which is unusual for late September as this is generally when numbers begin to go up. However, this could also be due to livestock farmers choosing to sell direct
(Source: AHDB, 2018)
Month (ex farm) Midlands
Feed Wheat
Feed Barley
Oilseed Rape
Currency
Oct 2018
£175.00/t
£166.00/t
£320.00/t
£/€ =1.1385
Nov 2018
£176.00/t
£167.00/t
£320.00/t
€/£ = 0.8784
Dec 2018
£177.00/t
£168.00/t
£320.00/t
$/£ = 0.7654
Milk Data
Avg Monthly Price
UK Farmgate Milk Price
29.73 ppl
Fuel/Straw/Silage
Price
Fertiliser
Price
Red Diesel
65.12p/litre
34% N AN (bags UK) £/tonne
N/A
Big sq Baled Wheat Straw
£74.00/tonne
0:24:24 blend (bags) £/tonne
£286.00
Big Bale Hay
£75.00/tonne
20:10:10 blend (bags) £tonne
£278.00
p/kg dwt
Finished Steers
Finished Lambs
Finished Pigs
363.3
403.2
148.24