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AHDB Cattle and Sheep Weekly

31 May 2016

AHDB Cattle and Sheep Weekly - 31 May 2016AHDB Cattle and Sheep Weekly - 31 May 2016

Liveweight prices continue to fall

Following sharp falls seen last week, the new season lamb trade has remained stable in the past week. In the week ended 25 May, the new season GB SQQ was level with the previous week at 201.3p/kg, this meant prices moved 17p above levels from the same week in 2015. The largest falls were seen at the beginning of the period, with prices actually rising more recently. On Wednesday 25 May, prices were up by 5p on the week at 201.9p/kg. The earlier price falls were due to higher numbers of new season lambs coming to the market, while the pound showed some signs of strengthening against the euro.

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Notable uplift in the cattle trade

In the latest week, the deadweight cattle trade has again moved in a direction more favourable for producers. In week ended 21 May, prices increased again across the board for the third consecutive week. Short term, the supply/demand balance continues to give some welcome impetus to the market. With processors more active in their procurement, some competition has crept into the trade of late and commercial cattle have been reported to be finding a home without difficulty. At 316.8p/kg the GB all prime average was up almost 4p on the week, which represented the most significant week-on-week uplift since early July last year. Having increased 7p over the past three weeks, there is some greater confidence in the suggestion that the consistent trend of falling prices, seen for many months, could have come to an end, albeit maybe just for the time being.

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