LOYALTY CODE:
The paper code cannot be redeemed when browsing in private/incognito mode. Please go to a normal browser window and enter the code there
There has been a positive start to 2025 in grain markets, which have seen prices lift in recent weeks.
SUBSCRIBER ONLY
The latest World Agricultural Supply and Demand Estimates was published this week by the USDA, which cut global wheat production estimates to 792.95 million tonnes.
Base quotes for quality assured lambs for Thursday now range from €8.20/kg to €8.50/kg, with factories looking to try to maintain upward momentum in throughput.
Oilseed rape prices increased significantly this week. Wheat prices recovered slightly from a drop last week.
AHDB predicts that beef production in Britain will significantly by 2030 compared with 2023 baseline
A large amount of cereals are imported from Northern Ireland and Britain into Ireland, but production is down.
While October throughput of 1.09m head was 133,500 above September levels, the AHDB reports that it was 18,000 lower than in 2023 and the lowest level on record.
Adam Woods has the latest on this week’s beef trade, including news of another lift to beef quotes.
Competition for fat lambs is intensifying with plants offering higher prices and increasing weight limits to secure numbers.
The AHDB now forecasts that production in 2024 is likely to fall by almost 8%, while the 2024/2025 lamb crop is estimated reduce by 4% compared with this season’s figures.
