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Beef and lamb prices continue to be above those last year against a background of higher retail sales, the prospect of increasing foodservice sales and pressure on slaughter numbers.

A spread to watch as we head into new crop will be the imported maize price compared with domestic feed wheat delivered to feed mills.

Arla farmers are set to see a 0.63ppl price cut in July after the co-operative warned it was still feeling the effects of a demand shortage caused by the coronavirus lockdown.

Australia has lowered its forecast for beef exports to China by 1.5 per cent for the 2020/21 season due to ongoing trade tensions between the two countries.

The dairy market has been amongst the most volatile since the beginning of the Covid-19 crisis.

The US’s largest beef processors have been ordered to provide information in relation to anti-competitive practices during the pandemic.

Non-Chinese Asian markets could provide major opportunities for British red meat exports, an online AHDB seminar heard.

Food price rises will be inevitable if the UK Government maintains its proposed global tariffs in a no-deal Brexit scenario, a leading trade expert has warned.

New season lambs fell by 5 per cent to 249p/kg in the week to May 27 and old season prices were 11 per cent lower at 187p/kg.

Scotland’s pork industry appears to have weathered the Covid-19 storm better than its counterparts in the United States and Ireland.