Trade Talk with Oliver Chapman, Livestock Auctioneer & Graduate Trainee Agricultural Valuer, Louth Livestock Market

14th December 2020

It has been a somewhat challenging year for all involved with running and operating livestock markets up and down the country. However, it will definitely not be forgotten.

The live option of selling finished and store stock this year has gone from strength to strength, with markets seeing a strong demand from all buyers from start to finish.

As the year comes to an end, it gives time for reflection, and a chance to review 2020 and all the good, bad and ugly moments.

Throughout the year, we have had continued help, guidance and support from the Livestock Auctioneers’ Association, from the first day of the pandemic through to the current day.

We have held our Annual Christmas Stock Show and Sale, under the current guidelines. It was a bumper sale in all sections here at Louth, returning the following figures:

  • 622 more lambs sold at this year’s sale compared with 2019
  • Lambs average £9.90 per head more compared with 2019
  • Cattle average £215.50 more per head compared with 2019’s show and sale

A change of market day this year has been pivotal for us. Back in June the decision was made to change to a Monday afternoon market, which in turn encouraged more numbers.

More buyers equals more stock and more stock equals more buyers. A continued buoyant sheep trade, from back in May with the new season lamb, has continued right through until now, and has encouraged farmers to finish lambs as quickly and efficiently as possible.

Changing the day has resulted in prime lamb numbers doubling from 4,384 to 10,654. Trade has also seen a lift, with lambs averaging £6.20 per head more.

At the moment, while trade is strong and buoyant in all sections, farmers should still take the opportunity to sell.