AHDB Cattle and Sheep Weekly
29 June 2015
Sharp falls seen in the liveweight lamb trade
New season lamb liveweight prices have seen sharper falls in the past week, following a decline in the previous seven days, despite tighter supplies at GB auction markets. In the week ended 24 June the NSL SQQ fell to 170.7p/kg, over 17p lower than the previous week.
The daily average price on Wednesday 24 June was as low as 160.2p/kg, almost 19p down on the week earlier. This left the current weekly price over 42p lower than the same week in 2014 when prices were not falling as rapidly. This is the lowest June value for the new season trade since 2010. Supplies remain at a high level amid some challenging trading conditions, while the pound continues to strengthen.
These falls come despite numbers of lambs coming to market being well below numbers last week. Numbers in the past week were back 15% on the previous seven days, suggesting the falling prices have put producers off bringing lambs forward. However, throughputs do still remain above levels seen in 2014, for the second week in a row. With numbers up by over one per cent on the week, it shows how good the lamb crop has been this year.
In week ended 20 June, despite falls seen in the liveweight market, the deadweight trade strengthened for the third week in a row. The NSL SQQ increased by over 3p on the week to reach 411.4p/kg, reducing the gap compared to 2014 to less than a pound for the first time since mid-May.
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