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Scottish beef prime cattle prices averaged 406.5p/kg deadweight in mid-February, but the RL4 steer price at Scottish abattoirs trailed northern England by 7.5p/kg. Limited processing capacity and higher prime cattle supply are blamed, while input costs are squeezing margins.
Processing constraints and rising feed costs weigh on margins for Scottish finishers, but the effect is regional. Higher input costs for cattle feed support the case for higher finished beef prices over time.
fwi.co.ukIsabel DaviesFeb 22, 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.
