It is disappointing that some abattoirs have cut prices to farmers this week, with some paying £3.43/kg for an R4L continental steer.

However, better beef prices should be on the horizon unless the pound strengthens dramatically.

Speaking to those in the meat trade this week, it is apparent that the prices of Irish forequarter cuts are more expensive than domestic UK beef.

Irish prices have gone from 60p/kg below UK prices to 30p/kg above.

Growing demand for protein in China due to African swine fever pig culls is sucking in product from around the globe and tightening supply

This is down to a tightening supply in Ireland, with supplies being focused on retailer contracts, leaving wholesalers and food service companies running short.

Growing demand for protein in China due to African swine fever pig culls is sucking in product from around the globe and tightening supply.

AHDB is predicting UK beef production is to fall slightly next year, after a strong year in 2019, but imports are expected to recover, although not to the levels of 2018.

This should filter down to see farmgate prices rise in Scotland. After the strong store trade in the last few weeks, many finishers will be pinning their business on a good start to 2020.