AHDB Cattle and Sheep Weekly
15 June 2015
Increase seen in liveweight lamb prices
Following the stability seen in last week’s new season liveweight lamb trade, prices at GB auction markets have shown some positivity in the past week.
In week ended 10 June the NSL SQQ increased by over 6p on the previous week to average 191.8p/kg. Larger increases were seen towards the end of the period, with the NSL SQQ on Wednesday 10 June up by over 10p on the week earlier at 193.0p/kg. This increase, against falls recorded in the same week in 2014, meant the gap between current prices and those seen in the corresponding week last year narrowed to around 46p/kg. The current new season price moved above the price received for old season lambs in 2014 for the first time since April.
Higher prices came despite an 11 per cent increase in numbers coming forward, compared to the week earlier. As such, it suggests a modest improvement in demand. However, for much of May, marketings of new season lambs have been lower year on year, and in the week ended 10 June were 12 per cent down on those seen in the same week in 2014.
Old season lamb prices fell by almost 5p on the week with the OSL SQQ at 144.6p/kg. Numbers continue to drop as the season comes to an end. Only 17,200 old season lambs were penned last week, down 38 per cent on the week earlier. With throughputs still running significantly ahead on the year prices continue to be notably lower than last year.
In week ended 6 June deadweight prices followed the evolution of the live trade in the same week. The NSL SQQ increased by 7p on the week to reach 405.1p/kg. Despite this increase, prices remain over £1.20 per kilo below 2014 levels and well down on the five year average.
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