Monthly Economic Review November 2017
Contents Contents... 2 Cattle Prices... 3 Average NI Clean Cattle Price... 3 Average NI Cow Price... 3 Cattle Slaughterings... 4 NI Clean Cattle Slaughterings Cumulative... 4 NI Weekly Clean Cattle Slaughterings... 4 NI Weekly Cow Slaughterings... 5 Sheep Prices... 6 Average NI Lamb / Hogget Price... 6 Sheep Slaughterings... 7 Cumulative Lamb & Hogget Slaughterings... 7 Total Weekly Lamb & Hogget Slaughterings... 7 Total Weekly Ewe and Ram Slaughterings... 7 Total Carcase Weight Produced for the Food Chain... 8 Change in Throughput / Production... 9 Supply and Price... 10 NI Lamb/Hogget Kill vs. Average Lamb / Hogget Price... 10 NI Clean Cattle Kill vs. Average Clean Cattle Price... 10 British Isles Price Comparisons... 11 UK Average Cow Prices... 11 Weekly UK Cow Prices... 11 British Isles R3 Steer Price... 12 British Isles R4 Steer Price... 12 British Isles Average R3 and R4 Steer price... 13 British Isles R3 Heifer Price... 14 British Isles R4 Heifer Price... 14 British Isles Average R3 and R4 Heifer price... 15 Exchange Rate / Euro... 16 Imports... 17 Monthly Live Imports of Cattle into NI for Direct Slaughter... 17 Monthly Live Imports of Sheep into NI for Direct Slaughter... 17 Exports... 18 Monthly Live Exports of Cattle from NI into RoI and GB... 18 Monthly live Exports of Sheep from NI into RoI and GB... 18
Page 3 Cattle Prices Average NI Clean Cattle Price 370 Price (p/kg) 350 330 310 290 Average NI Cow Price 285 260 Price per kilo 235 210 185
Page 4 Cattle Slaughterings NI Clean Cattle Slaughterings Cumulative 400 300 '000 Head 200 100 0 NI Weekly Clean Cattle Slaughterings 9 '000 Head per Week 8 7 6 5 4 3
Page 5 NI Weekly Cow Slaughterings 3,000 2,500 Head per week 2,000 1,500 1,000 500 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Page 6 Sheep Prices Average Deadweight NI Hogget / Lamb Price 525 Deadweight Price p/kg 475 425 375 325 275 Month Sheep Slaughterings Cumulative Lamb & Hogget Slaughterings 450 '000 Head 400 350 300 250 200 150 100 50 0
Page 7 Total Weekly Lamb & Hogget Slaughterings 16 '000 Head Per Week 14 12 10 8 6 4 2 Total Weekly Ewe and Ram Slaughterings 1,500 1,250 1,000 Head per week 750 500 250 0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Page 8 NI CATTLE AND SHEEP SLAUGHTERINGS FOR THE FOODCHAIN November Year to Date (5 weeks ended 02/12/17) (35 weeks ended 02/12/17) Nov-16 Nov-17 % Change 2016 2017 Change CATTLE Steers 17,345 19,139 +10% 107,834 113,918 +6% Heifers 12,464 14,044 +13% 73,851 81,967 +11% Young Bulls / Calves 3,013 2,885-4% 26,048 26,014-0% Total Prime Cattle 32,822 36,068 +10% 207,733 221,899 +7% Calves 845 772-9% 5,088 4,043-21% Cows 13,342 13,531 +1% 68,727 70,698 +3% Mature Bulls 467 380-19% 3,047 2,630-14% Total Cattle 47,476 50,751 +7% 284,595 299,270 +5% SHEEP Lambs & Hoggets 48,369 42,081-13% 318,426 307,608-3% Ewes & Rams 4,199 3,413-19% 18,660 21,817 +17% Total Sheep 52,568 45,494-13% 337,086 329,425-2% The above figures are provisional; any amendments will be incorporated in the cumulative data (source DAERA). NI BEEF AND SHEEPMEAT PRODUCTION - FOODCHAIN November Year to Date (5 weeks ended 02/12/17) (35 weeks ended 02/12/17) Nov-16 Nov-17 % Change 2016 2017 Change BEEF Steers 6,032 6,678 +11% 37,982 39,696 +5% Heifers 3,918 4,467 +14% 23,331 25,791 +11% Young Bulls 972 974 +0% 8,580 8,706 +1% Total Prime Beef 10,922 12,120 +11% 69,893 74,194 +6% Calves 172 149-13% 1,069 761-29% Cows 3,863 3,887 +1% 20,486 20,877 +2% Mature Bulls 221 174-21% 1,403 1,180-16% Total Beef 15,178 16,329 +8% 92,853 97,012 +4% SHEEPMEAT Lambs & Hoggets 1,046 905-13% 6,721 6,574-2% Ewes & Rams 111 93-16% 528 610 +16% Total Sheepmeat 1,156 998-14% 264,334 7,184-97% The above figures are provisional; any amendments will be incorporated in the cumulative data (source DAERA).
Page 9 Total Carcase Weight Produced for the Food Chain Year-to-Date (tonnes t.) Month Prime Cattle Cows & Bulls Lambs/Hoggets Ewes & Rams 2016 2017 2016 2017 2016 2017 2016 2017 January 8,471 9,001 2,489 2,527 599 675 98 82 February 8,906 8,854 2,334 2,581 422 666 61 50 March 10,704 10,578 2,466 2,695 551 582 47 49 April 8,617 8,019 2,188 1,850 367 475 37 45 May 9,529 11,014 2,369 2,670 619 642 50 70 June 7,837 8,027 2,286 2,424 762 773 41 60 July 6,644 7,106 2,407 2,274 868 797 51 61 August 9,014 9,732 2,715 2,726 1,230 1,199 66 103 September 8,248 8,817 2,421 2,614 982 913 92 97 October 9,082 9,359 2,854 2,957 848 867 80 81 November 10,922 12,120 3,863 3,887 1,046 905 111 93 December Total 97,975 102,627 28,391 29,206 8,292 8,495 733 791 Change (t.) 4,653 815 203 58 % Change 4.75% 2.87% 2.44% 7.87% *excludes calves Change in Throughput / Production Last 4 weeks 2016/2017 Change in Throughput / Production 2016/2017 November 2016/2017 Number Tonnage ACW Kg Prime 9.9% 11.0% 3.12 Cows 1.4% 0.6% -2.40 Total 6.9% 7.6% 1.92 Lamb -13.0% -13.5% -0.12 Ewes and Rams -18.7% -15.8% 1.00 Total Sheep -13.5% -13.7% -0.06
Page 10 Supply and Price NI Clean Cattle Kill vs. Average Clean Cattle Price 8000 NI Prime Cattle Kill vs Deadweight Prime Cattle Price 400 Kill 7000 6000 5000 380 360 340 320 Price 4000 300 3000 N D J F M A M J J A S O N 2015/ 2016 /2017 280 NI Lamb/Hogget Kill vs. Average Lamb / Hogget Price NI Lamb/Hogget Slaughter versus Deadweight Lamb/Hogget Price 13800 11800 9800 500 475 450 425 Kill 7800 5800 3800 400 375 350 325 300 Price 1800 N D J F M A M J J A S O N 2015/2016/2017 275 Green Blue Supply (Kill) Price
Page 11 BRITISH ISLES COMPARISONS UK Average Cow Prices 52 Weeks to 02 December 2017 260.0 250.0 258.8 250.6 240.0 238.9 234.8 230.0 230.4 227.8 220.0 210.0 200.0 SCO EN EMW ES GB NI SCO Scotland Prices relate to UK Dressing Specification EN England North EMW ES NI GB England Midlands and Wales England South Northern Ireland Great Britain Weekly UK Cow Prices 52 Weeks to 02 December 2017 300.0 EN NI SCO GB EMW ES 275.0 250.0 225.0 200.0 175.0 Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Prices relate to UK Dressing Specification
Page 12 British Isles R3 Steer Price 52 Weeks to 02 December 2017 400.0 SCO EN EMW ES NI ROI 370.0 340.0 310.0 280.0 Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov 400 British Isles R4 Steer Price 52 Weeks to 02 December 2017 Prices relate to UK Dressing Specification SCO EN EMW ES NI ROI 375 350 325 300 Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Prices relate to UK Dressing Specification
Page 13 British Isles Average R3 and R4 Steer price 52 Weeks to 02 December 2017 380.0 SCO GB ES 360.0 NI ROI 340.0 320.0 300.0 R3 R4 SCO 378.6 379.9 GB 369.1 372.7 ES 366.9 366.3 NI 359.8 358.6 ROI 334.7 335.3 Prices relate to UK Dressing Specification
Page 14 British Isles R3 Heifer Price 410.0 52 Weeks to 02 December 2017 SCO EN EMW ES NI ROI 385.0 360.0 335.0 310.0 Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov British Isles R4 Heifer Price 52 Weeks to 02 December 2017 Prices relate to UK Dressing Specification 410.0 SCO EN ES EMW NI ROI 390.0 370.0 350.0 330.0 310.0 Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Prices relate to UK Dressing Specification
Page 15 British Isles Average R3 and R4 Heifer price 52 Weeks to 02 December 2017 400.0 SC GB ES 380.0 NI ROI 360.0 340.0 320.0 300.0 R3 R4 SC 378.8 379.0 GB 369.6 370.2 ES 366.4 364.6 NI 359.1 357.1 ROI 344.9 344.9 Prices relate to UK Dressing Specification
Page 16 Exchange Rate / Euro 01 January 2014 30 November 2017 0.95 2014 0.90 0.85 0.80 0.75 0.70 0.65 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Page 17 Imports Monthly Live Imports of Cattle into NI for Direct Slaughter From ROI and GB Combined 5,000 4,000 3,000 2,000 1,000 0 Monthly Live Imports of Sheep into NI for Direct Slaughter From ROI and GB Combined 2,000 1,800 1,600 1,400 1,200 1,000 800 600 400 200 0
Page 18 Exports Monthly Live Exports of Cattle from NI into ROI and GB 3,500 3,000 2,500 2,000 Head 1,500 1,000 500 0 Monthly Live Exports of Sheep from NI into ROI and GB 55,000 45,000 Head 35,000 25,000 15,000 5,000