LMC: English Prices Feel Pressure, NI More Resilient

(06.02.2012)

NORTHERN IRELAND, UK - The cattle trade was exceptionally strong in 2011 with prices in all regions of GB and Ireland rising strongly over the course of the year. In GB in particular these prices increased very steadily over the year, peaking in December at unprecedented levels of 350p/kg in Scotland for R3 steers (see Figure 1 below). Since then GB prices have been under pressure