AHDB Cattle and Sheep Weekly
17 August 2015
Liveweight trade falls as numbers increase
Following the uplift in prices seen last week, the lamb trade at GB auction markets has fallen back as higher numbers come through.
In the week ended 12 August, the GB SQQ fell by 7p to 150.9p/kg, following higher numbers coming to markets. This left prices over 15p below the level seen in 2014. However, prices remain above levels seen two weeks previously, which was the last week unaffected by the No Lamb Week campaign. Prices have fallen back below 150p/kg in recent days, with the SQQ on Wednesday 12 August down to 147.4p/kg, 13p down on the week.
Throughputs at GB markets increased by 18 per cent on the week as the higher prices last week led to more producers marketing their animals, while those that held their lambs back last week because of the No Lamb Week campaign started bringing them to markets. This meant that throughputs were up two per cent on levels seen in 2014. Almost 19 per cent of throughputs were outside of the SQQ weight bands, suggesting more producers have continued to hold on to lambs in search of higher prices.
There was some uplift in the deadweight trade following the increase seen in the live weight trade last week. In the week ended 8 August, the dw SQQ was up by 11p at 339.1p/kg. This period included the whole of the No Lamb Week campaign which could potentially explain these increases. Prices were still 44p lower than the same period in 2014, however.
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