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AHDB Cattle and Sheep Weekly

02 May 2016

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

Liveweight lamb prices continue to decline

Lamb prices at GB auction markets continued to decline for the third week in a row leaving prices at their lowest level since January. In the week ended 27 April the old season GB SQQ fell by 9p to 172.8p/kg, meaning prices were at their lowest level since mid-January. Prices remained 3p below the levels from the same week in 2015, following similar falls at this point last year. Prices were down throughout the period, with the largest fall seen towards the end of the week. The GB SQQ on Wednesday 27 April fell to 167.2p/kg – 9p below levels from the previous week. Prices have fallen, despite numbers coming to market falling, suggesting a decline in demand. Part of the reason for the fall may have been down to a strengthening of the pound against the euro in the past few weeks.

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Cattle trade continues to look down

Prime cattle prices in the week ended April 23 continued their descent downwards, with the overall prime cattle average price down almost 3p/kg on the previous week to 310.6p/kg. R4L graded steers and heifers both averaged 322.4p/kg, both losing about 2p/kg on the week earlier. Overall young bull prices fell by a more notable 4p/kg to average 293p/kg, but those meeting R3 specification held up better, easing 2p on the week to 308.3p/kg. It seems that processors are able to continue to source more than sufficient supplies of prime cattle to prevent any change in the direction of the trade.

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