AHDB Cattle and Sheep Weekly
05 December 2016
Liveweight lamb prices stabilise
The price of lambs at liveweight has remained stable in the past week as higher demand in the build-up to Christmas has been offset by higher slaughterings.
In the week ended 30 November, the GB SQQ fell by less than a penny to 171.2p/kg. This meant that the difference compared to the previous year declined, leaving prices this year just 9p higher than the same period in 2015, following increases seen at this time last year. Throughputs during the week were up sharply compared to the previous week, with total throughputs up by 32 per cent on the week, leaving them three per cent higher than the same week in 2015. Despite this large increase, prices only declined marginally as demand for the Christmas period is thought to have increased. Prices began the period higher than the previous week, however, as the week progressed, they moved behind levels from the previous week and, on Wednesday 30 November, the GB SQQ declined to 165.2p/kg, 7p lower than the previous week and just 2p higher than the same stage last year, following higher numbers coming to market and a rise in the value of the pound, seen recently.
Stability finally gives way to a modest rise in prime cattle prices
In week ended 26 November, the GB all prime deadweight average price moved up a couple of pence on the week earlier at 351.9p/kg. This represented the strongest weekly upwards movement in price since early September. However, it can hardly be described as a strong seasonal uplift and does come on the back of what has been a period of stability in the trade, which has extended through much of the Christmas procurement period.
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