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Deadweight Lamb Prices Drop as Markets Report Good Trade

28 July 2014

UK – Liveweight lamb sales reported firm trade as deadweight supplies have been able to meet demand, steadying prices.

Quotes from the plants this week evened out at 360 p/kilo for good quality lamb carcasses.

Great British lamb slipped over 26 pence to 392.8 p/kg.

Average deadweight lamb prices in Northern Ireland fell 11 pence per kilo down on the previous week to around 353 p/kilo. Republic of Ireland lamb prices were down a similar margin.

This is according to market analysts at the Livestock and Meat Commission Northern Ireland which noted the high quality seen last week.

“The quality of lambs being presented for slaughter has been very good with 76 per cent of the price reported lamb kill last week achieving an R3 or U3 grade,” reported the LMC in its weekly Bulletin.

Northern Ireland’s bank holiday lead to a fall in throughput, down to 9,665 head compared to 11,823 the previous week.

Liveweight: How Did the Marts Go?

Auction trade was ‘firm’ with finished lambs and good quality store lambs meeting good trade.

Massenreene reported strong prices despite supply doubling. Throughput of 1,110 lambs sold for 335-362 p/kg compared to 510 lambs last week at 330-351 p/kg.

A similar improvement was seen in Rathfriland where around 150 more lambs sold for 333-362 p/kg compared to 316-341 p/kg on the week before.

Markethill’s Wednesday trade sold 1,330 lambs for 320-345 p/kg compared to 650 last week at 320-352 p/kg.

Cull ewe trade has remained ‘steady’ with several marts seeing well fleshed ewes fetch top prices of over £90.

TheMeatSite News Desk

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