Farming leaders expect prices to stay strong
Published:  22 June, 2009

UK and Republic of Ireland farming unions have predicted that beef and lamb prices should remain strong for the rest of 2009.

The union’s livestock chairmen met this week to discuss a number of issues, including market conditions and forecasts.

They concluded that with beef and lamb supplies short and demand and market conditions stable, meat producers are well placed to demand strong farmgate prices for their livestock.

Speaking after the meeting, NFU livestock board chairman Alistair Mackintosh said that livestock producers have “good reason” to remain confident of achieving sustainable farmgate prices this year.

"The feared supply imbalance being talked about in the late summer may well not materialise. It looks like the market conditions will be healthy for livestock farmers and supply looks likely to remain tight,” he said.

"Over the last 12 months, confidence has returned to both the sheep and beef sectors. Continued confidence in these sectors will lead ultimately to greater investment and a better end-product being supplied to consumers.

Mackintosh added that when price pressure is applied, farmers should ensure they understand the market conditions and “act accordingly”.