Trade Talk Huw Myfyr Griffith MRICS FAAV – Farmers Marts (RG Jones) Cyf
10th May 2021
2021 has seen incredible trade for all classes of cattle and sheep at Dolgellau, Machynlleth and Bala markets.
The short-term outlook looks like this trend will continue. However, at the time of writing we have not seen rain for two weeks, impacting on fodder supplies, with grass growth now well behind. Feed prices are already substantial to say the least.
It will be interesting to see how the market will work once hospitality re-opens. The demand for quality cuts of meats to cook at home has increased during lockdown. Abattoirs continue to protect their supplies, but there is talk of reduced slaughtering days as retail orders reduce. Will prices reduce as consumers start to eat out more?
Cattle have been selling well throughout, with store cattle in particular commanding a roaring trade. The clear lack of supply country wide attracting buyers from across the UK.
Organic cattle are in keen demand, with trade expected to last until late summer. Native breeds continue to command premium prices, with Welsh Black cattle catching the eye in recent weeks.
The demand for store and prime hoggetts has been remarkable, with some of the highest ever prices achieved at our markets, particularly demand for light prime hoggetts.
Numbers through the market have now reduced due to Ramadan. With no rain forecast and grass disappearing, hogget tailenders will take longer to finish and will not be seen in great numbers until after Ramadan.
The importance of the livestock markets to set market prices has been highlighted during the pandemic.
Twelve months on from our first Timed Online Auction of working sheepdogs, we have a record entry of 190 for our 5th May sale. With many more pups entered in this sale than previously, it shows that the platform has worked well for both vendors and buyers.