Prices fall to three year low for Scottish beef producers
Brexit-fueled uncertainty, an over-supplied market and a €100 million bail out deal for Irish beef farmers have all contributed to the decline in prices.
According to Quality Meat Scotland, the deadweight steer price in Scotland hit a three-year low of 344 p/kg in March.
While the market was appearing to rally in April, recent weeks have seen the gap between 2018 and 2019 prices widen further.
Before March 2019, the last time that the steer price averaged 344 p/kg was in the week of the European Union referendum in 2016.
A lack of clarity and certainty on the terms of the UK’s exit from the European Union, trading arrangements and detail on a future agricultural policy for Scotland have fuelled uncertainty. ■