AHDB Cattle and Sheep Weekly
10 November 2015
Liveweight lamb trade higher on the week
Following two weeks of relative stability in the liveweight lamb trade, prices have increased in the past seven days.
In the week ended 4 November the GB SQQ was up 3p on the previous week at 146.6p/kg. However, this remains 20p/kg below levels seen in 2014, following sharper gains seen a year ago. Prices have been up throughout the week but the level of the increase began to decline towards the end of the period, with the SQQ on Wednesday 4 November up 2p on the previous week.
This increase follows a slight tightening in supplies coming to market in the week ended 4 November. Throughputs at GB auction markets were down one per cent on the previous week, although numbers were 16 per cent behind levels seen in 2014. The number of lambs falling within the SQQ weight band increased by two percentage points on the week, to 68 per cent. Lamb prices normally begin to rise at this time of year as demand starts to increase due to colder weather, while processors start to think about procurement for the Christmas period.
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