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AHDB Cattle and Sheep Weekly

29 March 2016

AHDB Cattle and Sheep Weekly - 29 March 2016AHDB Cattle and Sheep Weekly - 29 March 2016

Liveweight lamb prices fall

As the procurement period for Easter came to an end prices for lambs at liveweight markets have fallen.

In the week ended 23 March the GB SQQ fell by 5p, compared to a week earlier to 186.81p/kg. This is the first weekly fall seen in six weeks and represents the end of the increased demand for the Easter period. This left prices 10p below the levels from 2015, although comparisons should be treated with caution as Easter this year falls a week earlier. The trade began the week stronger than the previous seven days, however as the period progressed prices fell below week earlier levels. On Wednesday 23 March the GB SQQ was down 10p on the previous week at 178.75p/kg. Demand during the week is thought to have fallen as procurement for Easter slowed, while numbers coming to market during the week were above the level form the previous week.

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Pressure on prime trade steps up

The combination of subdued consumer demand and adequate supplies continues to drive some restraint amongst processors and exert downwards pressure on the prime cattle market.

In week ended 19 March, as prices for all classes of cattle fell, the deadweight all prime average was back over 2p on the week at 324.6p/kg. This represented the most significant week-on-week price fall since trading resumed properly after the Christmas holidays and means that the measure has fallen 10p/kg since the turn of the year. It is now 28p behind that in the corresponding week last year.

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