AHDB Cattle and Sheep Weekly
06 July 2015
Further price falls seen in UK lamb prices
Both liveweight and deadweight lamb prices have been falling in the past week, despite numbers coming to market in the last seven days falling for the second week in a row.
The liveweight price of lamb has continued to experience sharp declines in the latest week, meaning prices have now been falling for three consecutive weeks. This comes despite numbers of lambs being sold at GB markets continuing to decline. In the week ended 1 July the NSL SQQ fell by over 14p on the week to 156.6p/kg. Prices are now almost 50p behind levels in the same week in 2014. However, falls have slowed slightly in recent days, with the daily average price on Wednesday 1 July standing at 157.9p/kg, only 2p lower than a week earlier. The weakness of the euro is continuing due to the on-going Greek crisis and is still putting prices under pressure.
Numbers of lambs coming to UK markets continued to decline, for the second week in a row, as low prices and hot weather put producers off marketing lambs. Numbers were back 13% on the week, which meant that they were more than a quarter below 2014 levels for the same week.
Prices on the deadweight market began to reflect the trends seen recently in the liveweight trade with sharp falls. In the week ended 27 June prices dropped by 27p to 384.9p/kg, meaning deadweight prices are at their lowest level for this time of year since 2010. However, sharper falls seen in the deadweight market last year mean that the difference between the two years has decreased to 84p, the lowest gap since April.
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