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Scottish Cattle Prices Soar to Record Highs in November 2024
Prime cattle prices in Scotland reached historic levels in November 2024, fueled by a seasonal decline in beef production and robust demand from both domestic and international markets. The Expana price for cattle steers in Scotland hit GBP 5.5/MT, marking a 2.1% increase month-on-month (m-o-m) and 8.2% rise year-on-year (y-o-y) in November 2024.
Industry sources report heightened competition among processors, as they struggle to secure cattle supplies. Additionally, strong festive demand from the retail sector has played a vital...