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AHDB Cattle and Sheep Weekly

23 November 2015

AHDB Cattle and Sheep Weekly - 23 November 2015AHDB Cattle and Sheep Weekly - 23 November 2015

Liveweight lamb trade strengthens further

For the third consecutive week, the liveweight lamb trade has averaged above levels seen in the previous week but the rate of gains has slowed. In the week ended 18 November the GB SQQ was up by 2p on the previous week at 155.4p/kg. This reduced the gap compared to the same week in 2014 to 19p due to a smaller increase seen last year. However, the majority of the gains were seen at the beginning of the week with prices more recently falling behind their levels from a week earlier. On Wednesday 18 November prices were back almost 4p on the week at 152.1p/kg.

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No movement in the prime cattle trade

The equilibrium in the cattle trade has continued for another week as supplies are very finely matched with demand. Reports suggest that while some processors have offered a couple of pence more on their base price, others have edged back their bids a similar amount. Consequently in week ended 14 November the GB all prime average was unchanged week on week at 343.5p/kg. Overall steer and heifer prices were both level on the week at 345.5p/kg and 345.4p/kg respectively, while the young bull overall average came back two pence to 319.5p/kg.

While this broad stability has been a feature of the market for the past month or so, this time last year deadweight prices had been steadily moving up. Consequently the trade continues to trend below last year’s position and in the latest week the R4L steer differential on the corresponding week last year was up to nine pence per kilo.

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