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AHDB Cattle and Sheep Weekly

14 June 2016

AHDB Cattle and Sheep Weekly - 14 June 2016AHDB Cattle and Sheep Weekly - 14 June 2016

Liveweight lamb prices fall

New Season lamb prices declined in the past week as higher numbers were reported to have come through GB auction markets.

In the week ended 8 June, the new season GB SQQ was down by 2p compared to the previous week at 200.5p/kg. Prices remained above the levels from 2015, however the gap fell to just 9p higher following increases at this time last year. Prices have fallen as higher number of lambs have been coming to market in the past week leading to higher supplies, while demand has not increased in line with supplies.

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Another favourable move in the cattle trade

In the shorter bank holiday week ended 4 June, the deadweight cattle trade moved up again.

The GB all-prime average strengthened another penny on the week to average 319.1p/kg. This move up again continues to reflect that the supply/demand balance is still just tipped into producers’ favour. The all-prime average has strengthened by over 9p/kg since the low point in the year so far, at the end of April. As such, prices have generally moved closer to last year’s position. In the latest week, the differential has narrowed to just 8p/kg, for much of the early three months of the year it was over 30p/kg.

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