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AHDB Cattle and Sheep Weekly


07 November 2016

AHDB Cattle and Sheep Weekly - 7 November 2016AHDB Cattle and Sheep Weekly - 7 November 2016


Liveweight lamb prices rise again

Lamb prices continued to climb this week, despite an increase in throughputs, potentially because rising prices have encouraged more producers to market their lambs. During week ended 2 November, the GB SQQ rose 2p on the previous week to reach 166.2p/kg. This price is in line with month earlier figures, and almost 20p higher than the same point last year.

The start of this week was key to driving the price increase, with the SQQ showing a 7p rise on the week on Thursday 27 October. However, this turned to a decrease on the week by the following Wednesday, with prices on Wednesday 2 November down by 4p on the week at 162.8p/kg. The weak pound is likely continuing to buoy demand for UK lamb, supporting the price even though slaughter numbers have been up.

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Stability in the cattle trade for another week

In week ended 29 October, deadweight cattle prices generally levelled for another week, as the trade remained in a very fine balance. At 31,800 head, AHDB estimates suggest that the number of cattle processed was back 800 head on the week earlier, possibly taking the edge off the downwards pressure of late a little. The GB prime cattle average price was virtually unchanged on the week earlier, at 349.5 p/kg. It has moved between the narrow ranges of 349p/kg to 350p/kg over the past three weeks.

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