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AHDB Cattle and Sheep Weekly


10 November 2014

EBLEX Sheep Weekly 7 November 2014EBLEX Sheep Weekly 7 November 2014


Sheep Weekly

Lamb trade at its highest point since August It has been yet another robust week for the liveweight lamb trade, as prices continued on their upwards trajectory. In week ended 5 November, the SQQ at GB auction markets was up 7p on the week to 166.6p/kg, its highest position since early August. While the uplift is welcome news for producers, prices are still running slightly below last year’s levels on the back of the increased supply of lambs, exacerbated by the particularly weak skin market. Despite this, with the weather changing rapidly it would appear that the balance has tipped a little in producers favour more recently. Trade was consistently firm throughout the week, with the SQQ on each day tracking between 5p and 8p above the previous week, reaching 169.3p/kg on Wednesday 5 November.

Notwithstanding the overall trend, there was some variation in price movement throughout the regions of GB. The highest weekly average was achieved in the North; at 171.0p/kg the regional SQQ moved up 7p on the week. While the SQQ in Scotland was marginally lower than the GB average at 165.6p/kg, it strengthened more than any other region, being up 9p on the week. Elsewhere, price increases of over 5p on the week were the norm, bar in the Southwest, where, at 156.8p/kg, the SQQ was considerably below the GB average and up less than a penny on the week.

Producer share of the retail price lowest since January 2013

The share of the retail price for lamb received by the producer in October edged down from a month earlier to 44%. This was a direct consequence of producer prices falling at a faster rate than retail prices.

Although declining lamb prices are typical during this time of the year, as supply rises ahead of demand, the measure was back on October 2013, when producers received 48% of the final retail price, and was at its lowest point since January last year.

The most significant month-on-month fall in retail price was for lamb mince, back 5% compared with September. There were smaller falls in the price of other cuts, including leg cuts and chops . In contrast, some cuts recorded increased prices, including diced lamb, boneless shoulder and lamb steaks.

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