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AHDB Cattle and Sheep Weekly

13 July 2016

AHDB Cattle and Sheep Weekly - 11 July 2016AHDB Cattle and Sheep Weekly - 11 July 2016

Higher throughputs lead liveweight prices to fall

Liveweight lamb prices have returned to the normal trend seen at this time of year and fallen in the past week, as higher numbers have come to the market. In the week ended 6 July, the liveweight GB SQQ was 2p lower than the previous week at 193.5p/kg. However, this remained 30p/kg higher than the same week in 2015. The main price falls were seen in recent days, with the price on Wednesday 6 July being 2p lower than the previous week at 191.9p/kg. Prices have fallen despite the continued weakening of the pound against the euro, as numbers coming to GB auction markets has increased, while demand for the end of Ramadan celebrations ended.

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Solid upwards momentum in the cattle trade

For another week, there was upwards movement in the cattle trade demonstrating that the market remains comfortably settled in producers’ favour. In week ended 2 July, the all-prime average strengthened by another penny on the week to average 325.9p/kg. As such, the measure has now moved up 16p/kg over the past two months or so. Reports continue to suggest that, while processors maintain a cautious approach, there is still some competition in the market. Waiting lists for processing cattle of all types are still non-existent. The firmness in the market is most likely a reflection of a steadier retail environment than previously expected. However, imports from Ireland, which have been down year on year in the first four months of 2016, could well be slowing down even further, given the recent movement of sterling against the euro.

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