After months of near-record prices there is a bearish tone to the UK and global pig market amid fears of over-supplies.
How will the next phase of the pandemic impact demand for food and what can we learn from previous recessions? Cedric Porter reports.
Weather worries, no-deal uncertainty, a tighter global market and Covid-19 continue to influence grain prices.
Sterling continues its Brexit-inspired rollercoaster ride, with a further drop in value early this week, as talks between the UK and EU became increasingly fraught.
Beef and lamb prices have remained strong, resulting in some cautious optimism for producers, although in such a volatile market it would be foolish to rule out the prospect of clouds on the horizon.
Arguably the value of trade in farmed products has never been so important for Britain’s farmers.
Many potatoes are in pretty good shape given the growing season they have had, but growers will be less impressed with the prices they are getting as Covid-19 continues to dominate the market.
The run of increasing pig prices has come to an end against a background of more supply and lower global prices.
Farmers have benefited from lower fuel prices over the last few months, but costs of a range of key inputs are now creeping up.
The dairy market continues to stabilise after the turmoil of the early part of the coronavirus crisis. New figures show dairy products were a lockdown favourite.