AHDB Cattle and Sheep Weekly
05 October 2015
Liveweight lamb trade falls following Eid
The liveweight lamb trade saw prices decline in the past week as demand eased following the end of the Muslim festival of Eid-al-Adha.
In the week ended 30 September, the GB SQQ was down by 10p on the week at 143.8p/kg. This means that the trade has now fallen over 10p/kg behind the level seen in the corresponding week last year. This fall comes despite a lower number of lambs coming forward, compared to the week earlier. Throughputs were down over 30 per cent on the previous week and over a quarter lower than the same week in 2014.
Demand appears to have eased significantly following the Muslim festival of Eid-al-Adha, which is thought to have been supporting the trade in previous weeks. Prices have been falling steadily throughout the week, with prices on Wednesday 30 September dropping below 140p/kg for the first time this year at 139.4p/kg, 13p below the previous week.
The deadweight trade increased in the week ended 26 September, as prices were probably still being supported by Eid-al-Adha, which fell during the week. The SQQ was up by 1p at 351.7p/kg, which reduced the difference compared to the same week in 2014 to a fall of just 2p. Estimated slaughterings were up two per cent on the previous week and were 19 per cent higher than the same week a year earlier. This may be partly due to producers marketing lambs to coincide with Eid, which fell later in the year in 2014.
DOWNLOAD REPORT:- Download this report here