2024 Herd Value - Comparatives
The graphs below reflect how, over the past three years, the national average market values (NAMV) of livestock under the herd scheme have experienced noticeable fluctuations.
2022: The NAMV for various livestock categories saw different trends. For instance, mixed-age dairy cows were valued higher, reflecting a recovery from previous drops. This period saw relatively stable or slight increases in values for several livestock categories.
2023: The NAMV determination for 2023 was published in May, indicating a mixed trend. Some livestock values saw marginal increases, while others experienced slight declines. For example, the average market value for mixed-age dairy cows showed a minor decrease compared to the previous year.
2024: The most recent determination, issued in May 2024, revealed a continuation of these mixed trends. Some livestock categories maintained stable values, whereas others experienced slight adjustments. The average market value for mixed-age dairy cows, for example, showed a small decline from the previous year, highlighting ongoing market volatility and adjustments within the sector.
These variations reflect broader economic factors, including supply-demand dynamics, production costs, and other market influences affecting livestock values annually.