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AHDB Cattle and Sheep Weekly

04 July 2016

AHDB Cattle and Sheep Weekly - 4 July 2016AHDB Cattle and Sheep Weekly - 4 July 2016

Another gain in the cattle trade

With the trade once again being in a more favourable position for producers, in week ended 25 June deadweight cattle prices increased across the board compared to the week earlier again.

A more advantageous supply/demand balance is continuing to drive the market, despite reports of late suggesting that the improved prices have brought more cattle forward than would have otherwise been expected. AHDB estimates suggest that at 32,600 head, numbers were nine per cent ahead of year-earlier levels. Producers who are able to supply supermarket specification cattle, fitting processors requirements at short notice are currently best positioned to take advantage of the robustness in the market.

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Liveweight lamb prices rise following “Brexit” vote

Following the results of the EU referendum in the UK, the pound has weakened against the euro, contributing to higher liveweight lamb prices in the past week. In the week ended 30 June, the SQQ at GB auction markets was up by 7p on the week at 195.4p/kg. This meant that prices are now 39p above the levels seen in the same week in 2015. Prices were fairly volatile throughout the period, with larger gains seen at the beginning of the week and more modest increases towards the end. The GB SQQ on Wednesday 29 June was up by 3p on the week at 194.0p/kg. Prices were up despite higher numbers coming to market, as the weaker pound has made British products more competitive to export markets, leading to higher demand.

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