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AHDB Cattle and Sheep Weekly

11 January 2016

AHDB Cattle and Sheep Weekly - 11 January 2016AHDB Cattle and Sheep Weekly - 11 January 2016

Stability over the holidays for the cattle trade

With a fluctuating degree of activity over the past couple of weeks, it is difficult to ascertain a realistic picture of trade.

However, reports do suggest that processors have been fairly active in the market, securing enough cattle to replace stock depleted over the Christmas holiday period. Consequently, the expectations that the pressure seen in the market on the run in to Christmas would continue over the holidays has not been realised. Overall prime cattle prices have demonstrated some degree of stability. In week ending 2 January 2016, at 334.2p/kg, the all prime average was up almost a penny, compared with the last uninterrupted week before Christmas.

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Both live and deadweight markets strengthen following Christmas

The liveweight lamb trade has been strengthening over the Christmas period and in the week ended 6 January reached its highest level since June 2015.

The SQQ at GB auction markets reached 171.5p/kg – up 7p on the previous week. This reduces the difference compared to the same week in 2015 to 16p, the smallest difference since October. The largest increase was seen on Monday 4 January, following most markets closing for New Year’s Day. The GB SQQ reached 174.0p/kg, up 12p on the previous week. Tight supplies and increased demand for restocking following the Christmas period are likely to have led to much of the rise.

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