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AHDB Cattle and Sheep Weekly

01 August 2016

AHDB Cattle and Sheep Weekly - 1 August 2016AHDB Cattle and Sheep Weekly - 1 August 2016

Another hike in cattle prices

In week ended 23 July, deadweight cattle prices moved up notably again.

The upward pressure in the trade again comes from the tighter demand/supply balance, driving robust competition from processors looking to ensure their factories are kept busy. At 29,600 head, AHDB estimates suggest that, while throughputs were just ahead of the week earlier, again they were behind year-earlier levels for the third week in a row. It is likely that the short-term dip in numbers is as a result of cattle being finished off of grass being a little delayed in coming forward for slaughter on the back of the late spring, which resulted in below average grass growth in some parts of the country. The balance in the market suggests that producers with enough in-specification cattle are currently well placed to take advantage of the robustness in the trade.

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Lamb prices continue to decline

Liveweight lamb prices have continued to decline in the past week as higher numbers have been coming to the market.

The price of liveweight lambs at GB auction markets continued to fall in the past week, with the GB SQQ down by 7p on the previous week at 181.8p/kg. This means that prices remain 37p higher than the same week last year, as prices fell by a similar amount in 2015. Prices have fallen throughout the week, with prices on Wednesday 27 July falling by 7p to 178.2p/kg. Prices have been following their normal trend for this time of year and fallen as numbers of lambs coming to the market have risen in the past week. The continuing weakness of the pound against the euro has kept prices above the levels from this time last year.

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