Nov. 30 (Bloomberg) -- Cattle prices climbed to records last week in Great Britain as meat buyers stocked up for an anticipated increase in consumer demand for the holidays, the Agriculture & Horticulture Development Board said.
Steer carcass, or deadweight, prices rose to 3.609 pounds a kilogram ($2.60 a pound) on average in the week ended Nov. 24, up 5 percent from a week earlier, according to an e-mailed report from the Kenilworth, England-based researcher’s cattle and sheep unit EBLEX. While prime cattle slaughtering rose from a week earlier, processing was still 6 percent below the same time in 2011, AHDB said.
“With the Christmas procurement period drawing to a close, prime prices have continued to climb ever higher,” AHDB said. “All reported deadweight categories rose on the week to reach new record highs. Prices continue to be boosted further by what is still a very tight supply situation.”
To contact the reporter on this story: Whitney McFerron in London at email@example.com
To contact the editor responsible for this story: Claudia Carpenter at firstname.lastname@example.org