Prices for cattle in the UK have risen slightly over the past week, although according to the latest analysis, they are still noticeably lower than last year.
This is in line with the situation in the European Union, where prices are inferior to the levels a year earlier, and are currently more than 7% lower in major producing countries such as Ireland, Germany and Spain. France, however, is only 0.5% lower than a year ago.
However, the annual drop is the highest in the UK, where prices are currently 12% lower. However, over the past 10 days, the main prices for cattle have shown some recovery, and although one week does not create a trend, prices for cattle really rise at this time of year.
According to Quality Meat Scotland (QMS), the Scottish executive non-governmental government agency that promotes the red meat sector and markets Scotch Beef and Scotch Lamb with a protected geographical indication.
Stuart Ashworth, director of economics at QMS, said: “The first signs of a slight increase in farm gate prices occurred about three weeks before Easter. This may indicate some confidence in consumer demand for the Easter weekend. ”