AHDB Cattle and Sheep Weekly
17 October 2016
Liveweight lamb prices level off
Lamb prices at GB auction markets have remained stable in the past week following the further devaluation of the pound and higher number coming to market. The GB SQQ in the week ended 12 October was less than a penny lower than the previous week at 165.7p/kg, the smallest decline in five weeks. Prices normally fall at this time of year as higher numbers come to market, however this has been offset to a degree by the fall in the value of the pound that has occurred over the past week. This has left prices 23p higher than the same week in the previous year. Prices were actually up at the end of the period, with the GB SQQ on Wednesday 12 October up by 4p on the previous week at 165.0p/kg.
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