Wednesday, 7 February 2018

Log on for the latest market outlook

With uncertainty around Britain’s exit from the EU, beef and lamb producers are repeatedly asking ‘what are the prospects for our beef and lamb in 2018 and beyond?”. Duncan Wyatt, AHDB Lead analyst, explains why this month’s AHDB Outlook webinar will help answer this question and provide farmers with valuable insight for their businesses.

Many of our levy-payers have animals on the ground today that will not be sent to the abattoir until after Brexit – so gaining a better understanding of possible scenarios for each sector is crucial as they look to the future and prepare themselves for the challenges that may lie ahead.

On 15 February the red meat team from AHDB Market Intelligence will host its second Livestock Outlook Webinar which will focus primarily on this issue and give some valuable insight into the future prospects for the red meat industry. We’ll also be giving a presentation on the outlook for feed markets and an update on AHDB’s Brexit activity. This event will give producers and broader industry stakeholders the chance to review recent developments in their sector and see how the situation may have developed since our last forecasts were published in October.

With the sheep industry particularly vulnerable to a hard Brexit, there is much to address as we look forward. Lamb production is forecast to rise to 312,000 tonnes in 2018, although dressed carcase weights are expected to be stable over the coming years with just small seasonal variations. Imports are not expected to recover hugely from 2017’s lower levels and exports should remain stable, although some increases may be necessary if domestic demand continues to slow.

In the beef sector, the legacy of both dairy and suckler herd growth in recent years will lead to slightly higher numbers of prime cattle, but at lower weights in 2018 and 2019. This will keep production relatively stable at around 900 thousand tonnes. Fluctuations in imports will largely be determined by Irish production, and the market overall is expected to continue to balance with exports.

The webinar is an opportunity for you to ask those all-important questions to our panel of experts during the question and answer session which follows the main presentations.
The webinar will give you access to valuable information without leaving your home or office, and will help you remain well-informed of current market trends and provide answers to help keep your business resilient in testing times.
Anyone interested in taking part in our Livestock Outlook Webinar, at 10:30 am on 15 February, can register at: https://attendee.gotowebinar.com/register/4726584270924402946