Farmlytics

Market Update

Market Developments 2017/2018

The latest WASDE (World Agricultural Supply and Demand Estimates) from the USDA provides an initial assessment of the agricultural outlook for 2017/2018.  Global wheat supplies are projected to decline fractionally as higher beginning stocks are more than offset by a production decline following last year’s record. Global wheat production is[…]

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The US Sheep Market

The USDA have produced proposals to lift a 25 year ban on the import of UK sheep meat products into the US market.  This follows the lifting of a similar ban for Irish lamb and sheep meat products in 2015. The US has already opened up its market to UK[…]

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Market Update

Farm prices are continuing to come under pressure across markets, the latest  World Bank pink sheet data gives beef prices for August 18% down on August 2014, sheep meat prices down 21%, and soyabeans down 17%. Milk prices have also fallen again. The FAO Dairy Price Index for August was down[…]

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Prices and Protests

Dairy farmers across the EU have hit the headlines in recent weeks with protests against falling farm gate milk prices. In the UK some farmers protested by leading cows into supermarket aisles to highlight the losses made per litre of milk produced, and the fact that the retail price of[…]

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Currency Volatility Impacts on Agricultural Trade

The debt crisis in the Euro zone, and volatility in other major currencies is likely to have a significant impact on agricultural trade during 2015. Euro depreciation will have a positive impact on EU agricultural exports, with improved prospects for exports of beef, arable crops and pig meat. This is[…]

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Positive outlook for wool

With the shearing underway on UK sheep farms, The British Wool Marketing Board reports a positive outlook for UK wool in 2015, with wool prices set to increase for most breed types. UK wool prices have risen over the past decade, with producers in 2015 expecting to receive over a[…]

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Dairy Market Update

New dairy data from the USDA shows the extent to which milk prices have fallen in the US and elsewhere in recent months, as increased production and higher stocks of processed products are putting pressure on prices.  The farm gate price for class III milk (for cheese) in March was[…]

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Oilseeds Market Update

A bigger than expected oilseed crop in Latin America is likely to offset a poor harvest within India. The USDA also report that US farmers will plant an extra 1 million acres of soyabeans in 2015/16 compared with 2014/15, mostly replacing corn across the corn belt, and cotton across some[…]

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High Path Avian Influenza Impacts on US Poultry Exports

The latest US Livestock and Poultry Outlook report shows the extent that Avian Influenza related restrictions are impacting on US poultry exports. Total broiler shipments in February were 17% down on February 2015. Export bans by China and South Korea went into effect in January, on top of an existing[…]

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Feed driving down milk production costs

The USDA has released its latest data on milk production costs. The average costs of producing a cwt of milk in the US  in January 2015, was 6% down on December 2014, and 8% down on January 2014. The biggest drop was in the cost of purchased feed which was[…]

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