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AHDB Cattle and Sheep Weekly

23 May 2016

AHDB Cattle and Sheep Weekly - 23 May 2016AHDB Cattle and Sheep Weekly - 23 May 2016

Another lift in prime cattle prices

Another week of better news for the cattle trade has emerged, in that the trade has demonstrated a more positive environment. In week ended 14 May, the GB overall prime cattle average moved up just over 2p on the week earlier to reach 313.0p/kg. This increase capitalised on the previous week's uplift and gives a clearer indication that the balance in the trade has swung in producers' favour after an extended period otherwise. Steers meeting R4L classification moved up 3p to 325.9p/kg, while heifers were up almost 2p to 324.6p/kg. Young bulls classifying at R3 strengthened 4p on the week to 311.1p/kg.

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Sharp falls seen in liveweight market

Liveweight lamb prices have seen sharp falls in the past week as the number of new season lambs coming to market continues to increase.

In the week ended 18 May, the old season GB SQQ has fallen by 14p compared to a week earlier at 168.1p/kg, the largest weekly fall since June 2015. However, due to similar falls seen at this time last year, prices remained a fifth of a penny above the levels seen in 2015. Prices normally decline at this time of year, with large falls also reported during the equivalent week in 2015. This happens as the season begins to switch over, with higher numbers of new season lambs coming to the market lead to prices of both new and old season lambs falling. The largest falls were seen towards the end of the period, with the old season GB SQQ on Wednesday 19 May falling 23p to 157.9p/kg.

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