Beef / Lamb & Pig Price Tracker

[Werzle]

The ethnic abattoirs sell 90% fresh and hold very little in the freezers, so when they need them, they need them. The customers demand fresh meat.

Whereas the non ethnic abattoirs have surplus in the freezers and can afford to stop bidding if the prices are too high on the day.

Therefore, it's much harder to predict, ewe prices can change daily.

I dont believe alot of this people arent eating beef as much story tbh, last spring beef had turned the corner and trade was pretty tidy, the only thing that knackered it was the drought. Now we are being told a spell of warm weather would improve the job! Utter b#llocks, theres is only one thing holding uk beef prices back and that is foreign beef flooding in.

 

[wellingtonfarmer]

That was a bit tongue in cheek. But it can be done. The valuer doesn’t individually identify every animal on his report and it’s not exactly beyond the realms of reality to have stock on farm worth less than it cost. I would suggest not waiting until the last two weeks of the financial year to buy them all though. This year I have spent about ten months buying cattle for this purpose, some every week so as not to raise suspicion

Don’t you just value the cattle you have on farm yourself? I have never had an auctioneer come in to value them

 

[Werzle]

I don’t know about that Carmarthen was [emoji90]yesterday!

Sheep trade was better than expected in hereford on wednesday but cattle trade was under pressure yesterday but not to the extent it could/should be looking at the fat trade

 

[Full of bull(s)]

And now you have raised suspicion by posting in public . Despite our user names , it’s not difficult to find out who’s who on here.

Nothing to be suspicious of. If you rush out and buy 100 cattle in a week you will end up paying over market value for them. Your year end valuation is the market valuation of those cattle on THAT day therefore you are not actually doing anything wrong even if valued correctly. Like shares the value of your stock can go down as well as up. If you vastly undervalue them on April 4th they will only show a greater uplift in value and therefore profit the following year to be taxed on and you can’t avoid it when they are sold.

 

[DRC]

Nothing to be suspicious of. If you rush out and buy 100 cattle in a week you will end up paying over market value for them. Your year end valuation is the market valuation of those cattle on THAT day therefore you are not actually doing anything wrong even if valued correctly. Like shares the value of your stock can go down as well as up. If you vastly undervalue them on April 4th they will only show a greater uplift in value and therefore profit the following year to be taxed on and you can’t avoid it when they are sold.

I agree , but your the one that said, to avoid suspicion.

 

[Full of bull(s)]

Don’t you just value the cattle you have on farm yourself? I have never had an auctioneer come in to value them

It is strongly recommended by most accountants to have them valued every year if you buy your cattle in rather than breed them. The revenue does not like self valuing if you get an inspection. It only costs me about £120 to have it done by an auctioneer

 

[Hfd Cattle]

Can't see an auctioneer around here doing it for £120 . They nearly want that just to answer the phone .
Have always done our valuation. When I asked the accountant about it he said "who knows the value of your stock better than you do " and then went on to make the point that if they are valued wrong in one year it will show up in the next so it will balance out .

 

[haymaker80]

Don’t you just value the cattle you have on farm yourself? I have never had an auctioneer come in to value them

Always valued our own here too. All bought in cattle, we just take the purchase price and add on a set weekly charge depending how long they've been on farm. Takes about 10 minutes on a spreadsheet

 

[Full of bull(s)]

Always valued our own here too. All bought in cattle, we just take the purchase price and add on a set weekly charge depending how long they've been on farm. Takes about 10 minutes on a spreadsheet

Strictly speaking they should be valued at what they would sell for if they had to be sold on that day to determine asset value. Based on the posts above we are all more likely to be buying a tractor with our tax rebates rather than to avoid paying it in the first place [emoji856]

 

[Celt83]

Sheep trade was better than expected in hereford on wednesday but cattle trade was under pressure yesterday but not to the extent it could/should be looking at the fat trade

Lot of really nice cattle there with a tidy shape about them all in the £500 bracket. A bunch of very heavy Hereford heifers good enough to go straight on the hook made £950ish and a bunch of smart Charolais made £1100.

A few took them home and a few sold. A mixed day at best hopefully not the sign for the long term.

 

[Poorbuthappy]

Strictly speaking they should be valued at what they would sell for if they had to be sold on that day to determine asset value. Based on the posts above we are all more likely to be buying a tractor with our tax rebates rather than to avoid paying it in the first place [emoji856]

My accountant told my they should be valued at the lower of: current market value, or what they have cost you to produce to that point.
@neilo posted a lower figure again when I suggested this previously- presumably from what his accountant has told him?

 

[neilo]

My accountant told my they should be valued at the lower of: current market value, or what they have cost you to produce to that point.
@neilo posted a lower figure again when I suggested this previously- presumably from what his accountant has told him?

We’ve always used 75% if deemed market value, or cost of production, for homebred stock. Purchase price for any bought in stock.
That’s what several valuers and accountants have told us over the years, which I think was based on HMRC guidelines. Don’t know where that is as i’ve never had reason to look it up.

 

[ISCO]

My accountant told my they should be valued at the lower of: current market value, or what they have cost you to produce to that point.
@neilo posted a lower figure again when I suggested this previously- presumably from what his accountant has told him?

This is what i thought

 

[LAMBCHOPS]

Lamb Trade was very good for heavy lambs in Talgarth anything over 45 kg would be £100 and top i saw was £107. Not many of that weight there. Lighter lambs all £2kg-£2.10 .Not that many lambs in either

 

[Northeastfarmer]

The good news is that you’ve told us about the cattle shortage in June only a few days left so I can’t wait it will be great

In still waiting for these £300 hoggs you guaranteed me

 

[livestock 1]

In still waiting for these £300 hoggs you guaranteed me

Haha I wish I’d kept my gob shut now!!

 

[Hatch1778]

Dawns £3.19

 

[Smith31]

I dont believe alot of this people arent eating beef as much story tbh, last spring beef had turned the corner and trade was pretty tidy, the only thing that knackered it was the drought. Now we are being told a spell of warm weather would improve the job! Utter b#llocks, theres is only one thing holding uk beef prices back and that is foreign beef flooding in.

I am not disputing what you are saying as I have no evidence to prove you wrong. The manager of the abattoir we deal with is a family friend and he told me his fridges are full of beef this morning, when I tried to book some in.

Can someone provide a link for the current price of imported beef vs home killed please, would make interesting reading.

 

[Leyland255]

Dunbia Wales lambs £4.30

 

[Case290]

What’s happens to the beef trade 3.18 dead this week and managed to achieve 1.49 bb steer Nicely finished at market this week. What’s been done is meet still been imported if so who ever done that deal should be held accountable and is the imported meet been subsidised by 50p kg