"Giving money and power to government is like giving whisky and car keys to teenage boys"
P J O’Rourke
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markets
In the week ended 7th January deadweight cattle prices eased slightly as trade returned to a more normal pattern after the holiday period.
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In week ended 7th January, the deadweight SQQ fell almost 5p to 453.4p/kg.
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World markets show butter returns continuing to fall as available global supply increases.
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Following a period of stability in the run-up to Christmas, deadweight pig prices fell sharply in the first week in the New Year.
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The GB weekly average price increased by £8.05 last week to £113.14/t and the free-market average increased by £5.41 to £92.12/t.
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The latest US Department of Agriculture report, for January, led to raised eyebrows in the grain trade
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The near-term oilseed market lines up to be dominated by South American crop development, palm oil supply issues and Chinese will they/won’t they buying patterns.
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The EU market is coming to terms with variable quality in this year’s crop, caused by high grain nitrogen as a result of the dry spring weather.
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The UK chicken market has been a hotbed of obscure and complex margin-whittling as retailers continue to impose tough conditions and constraints, and industry has largely failed to get another round of price increases to help offset feed costs.
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