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AHDB Cattle and Sheep Weekly

15 February 2016

AHDB Cattle and Sheep Weekly - 15 February 2016AHDB Cattle and Sheep Weekly - 15 February 2016

Stability in the cattle trade

The cattle trade started to show some welcome signs of stability at the end of last month. This has continued into early trading in February and in week ended 6 February the average price for all prime cattle moved up a penny to 329.1p/kg.

Over the past couple of weeks the market has performed better than expected for the time of the year, especially given the continual pressure on price in recent months. While some processors are in the market keenly for cattle fitting supermarket specification and reports suggest that queues are almost non-existent, the balance in the trade overall is still somewhat precarious, which is still unlikely to deliver any tangible upwards momentum to the trade.

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Liveweight lamb trade strengthens further

The liveweight lamb trade has continued to strengthen in the past week with the difference compared to levels seen a year earlier falling to their lowest level since September. The GB SQQ was up by 9p compared to the previous week at 190.1p/kg in the week ended 10 February, reducing the difference compared to the previous year to less than a penny lower.

Prices were up throughout the week. However, the level of the rise had declined to just 1p by Wednesday 10 February at 185.3p/kg. The factors behind the rise continue to be the weakening of the pound against the euro and a fall in the number of lambs sold at auction compared to the same week in 2015.

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