AHDB Cattle and Sheep Weekly
20 July 2015
Liveweight lamb prices resume their downward trend
The liveweight lamb trade at GB auction marts has fallen once again as numbers coming forward increased.
Following gains seen in the previous week, the NSL SQQ fell by 6p to 157.2p/kg in the week ended 15 July. This increased the difference, compared to 2014, to almost 21p, as prices at this time last year were more stable. Sharper falls were seen towards the end of the week, with prices on Wednesday 15 July down by almost 9p compared to the previous week at 154.0p/kg.
Prices have eased following much higher numbers coming to markets. Throughputs were up by 19 per cent on the previous week, tipping the supply and demand balance in favour of supply, while the weakness of the euro continued to impact on returns. The numbers forward were over 40 per cent higher than levels seen in 2014. It is possible that the increase in prices last week encouraged some producers into marketing their lambs.
Deadweight prices continued to fall in week ended 11 July as numbers were also up on the week earlier. However, the fall was less than seen in previous weeks. The deadweight SQQ fell by less than 3p on the week to 346.5p/kg to be at its lowest level at this time of year since 2010. However, the smaller fall seen this week has meant that the difference compared to 2014 has narrowed to around 70p, because the trade was falling much sharper at this time last year. Following a further increase in the all prime average deadweight cattle price, the deadweight SQQ is now almost 7p below the average price for beef sold direct to abattoir.
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