BEEF PRICES SURGE 40% AS SUPPLY SQUEEZED

RESTRICTED international and domestic beef supply has fuelled a near-40% increase in cattle dead-weight prices in just nine monthstrends that anticipate the imminent breaking of the £7 per kilo threshold.

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Beef price records are being smashed virtually every week as supply tightens, not only in the UK, but across Europe as wellwith current trends suggesting the strong prices may continue, according to analysis contained in the latest edition of Hybu Cig Cymru-Meat Promotion Wales' (HCC) Market Bulletin.

"Prime cattle dead-weight prices in England and Wales have risen dramatically since late 2024 and are now £2 per kg higher than the same period last year," writes Glesni Phillips, HCC's Intelligence, Analysis & Business Insight Executive.

"The steer average broke historical records at £5 per kg in September 2024, reached £6 per kg by February 2025, and, given the current trends, is heading towards £7/kg by late spring.