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AHDB Cattle and Sheep Weekly

02 February 2016

AHDB Cattle and Sheep Weekly - 2 February 2016AHDB Cattle and Sheep Weekly - 2 February 2016

Lamb prices continue to rise but at a slower rate

The liveweight lamb trade continued to strengthen in the past week, although the rate of increase has slowed compared to previous weeks.

In the week ended 28 January the liveweight lamb trade was up by 1p on the previous week at 177.8p/kg, its highest level since June 2015. The main drivers behind this rise continue to be the weakening of the pound against the euro, higher retail demand and tighter supplies. This leaves prices 8p behind levels from the same week in 2015. However, prices had fallen behind the previous week by the end of the period, with prices on Wednesday 27 January 2p back on the week at 174.8p/kg.

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Another slight drift in prime cattle prices

In week ended 23 January while the general malaise in the deadweight prime cattle trade continued, prices only drifted down a fraction. The market appears to have steadied somewhat amid a narrow supply/demand balance. Overall, the all prime price fell by just over a penny on the week to average 328.5p/kg.

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