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Scottish beef prices have been held back by a lower R4L steer price at Scottish abattoirs compared with northern England, as cattle supply rose on Scottish farms. Feed and input costs have also risen sharply, with cattle feed up 15% year on year and energy costs up nearly 40%.
Rising cattle feed and energy costs are squeezing finishing margins in Scotland, which can reduce cattle numbers over time. The regional price gap is a local issue with limited global price impact.
qmscotland.co.ukqmsAdminFeb 16, 2022Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
