Exchange rate limits sheep sales to home market

Prices were up slightly on recent weeks at a sheep auction in Yorkshire where over 4,000 sheep were up for sale.

This year has seen consistently low lamb prices and has seen values drop by as much as 20 percent.

Jeremy Eaton, general manager at Craven Cattle Market Auctions in Skipton, North Yorkshire, said that exchange rates had made export trade more difficult and that there has been too much ‘focus on the home market’ within the livestock industry.

Farming leaders have become so concerned about low prices for lamb that the issue has been raised at European level.

The sector contributed more than five billion Euros to the EU economy last year.