AHDB Cattle and Sheep Weekly
24 September 2015
Liveweight lamb trade falls marginally
While the GB liveweight lamb trade eased again in the past week, the price falls were much more marginal than those observed last week.
In week ended 16 September the GB SQQ declined by a penny on the previous week to average 151.8p/kg. At this level the SQQ is just above that in the corresponding week last year for the second week running. This comes despite numbers being sold at market falling, compared to the week earlier. Trade has been fairly level since Monday with the SQQ hovering around 153p/kg. However, on Tuesday and Wednesday it showed a moderate level of buoyancy, being up 4p and 6p respectively on the week earlier. This is potentially due to increased demand for the upcoming Muslim festival of Eid-al-Adha (September 23).
Despite the recent falls seen in the liveweight trade, the GB deadweight trade has strengthened, for the third week in a row. In week ended 12 September the deadweight SQQ was up by 11p on the previous week at 354.1p/kg to be just three pence below the same period in 2014, the narrowest year-on-year differential this season. This could be due to lower numbers in the sample, compared to the same week last year. However the recent strengthening of the euro and the imminent festival are also likely to have had an effect on the price.
DOWNLOAD REPORT:- Download this report here