Trade Talk by Graham Ellis
17th June 2016
With Colchester being the only weekly livestock market operating in the Eastern Counties, 2016 has seen a very disappointing beef trade. But at least the live auction system is supporting producers, enabling cattle to be sold with competition.
The real problem that producers have at the present time is replacing cattle. Historically, the West Country has been a source of many of the stores fattened in East Anglian yards.
We anticipate a rise in the finished cattle price as numbers tighten, although this is unlikely to be to the levels of 12 months ago. However, this is typical of this time of the year in this area.
It is anticipated that the lamb trade will remain firm for the next month or so and then it will very much depend on the Pound and how that reacts to the vote on Europe. Without the European trade, transactions will certainly be less and that is a worry we all have.
East Anglia is an area where farmers have an alternative to stock keeping. It needs dedication but at least with the ability to source reasonably priced feed it should be possible to achieve an acceptable return for quality stock.