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UK processors are buying live Irish cattle to secure beef as UK supply is at its tightest since the 2001 foot-and-mouth epidemic. Scottish deadweight base prices reached a record 420p/kg, well above Irish prices that run 18-20% lower.
Tight UK cattle supply and record deadweight prices support UK and Irish cattle values, and the import flow shifts Irish supply toward UK processors, which keeps feeder and live cattle prices firm.
fwi.co.ukMichael PriestleyApr 14, 2021Not 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.
