AHDB Cattle and Sheep Weekly
24 August 2015
Liveweight lamb trade declines while deadweight market is up
The GB lamb trade saw a further decline in the week ended 19 August despite numbers being marginally back on the previous week.
The GB SQQ was down by 5p on the previous week at 145.5p/kg, leaving it 17p lower than the same week in 2014. This fall comes despite lower numbers coming forward, compared to the week earlier. Price falls were more notable towards the end of the week, with the GB SQQ on Wednesday 19 August down 6p on the week earlier at 141.5p/kg as numbers were up.
Throughputs at GB auction marts in the week were down one per cent on the previous seven days. This fall could be due to higher numbers being marketed last week following the No Lamb Week campaign, while the falling prices could have led some producers to hold back their lambs in search of better prices. Throughputs were up one per cent on the same period in 2014. The percentage of lambs falling within the SQQ weight band was 79 per cent, six per cent lower than that seen in the same week last year.
In the week ended 15 August deadweight prices increased for the second week running. The deadweight SQQ increased by 3p on the week at 341.7p/kg to now be 39p below 2014 levels. This increase follows the price rise in ‘No Lamb Week’, and comes despite estimates suggesting that more lambs were slaughtered.
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