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AHDB Cattle and Sheep Weekly

05 September 2016

AHDB Cattle and Sheep Weekly - 5 August 2016AHDB Cattle and Sheep Weekly - 5 August 2016

Further falls in the price of lamb

The liveweight lamb market has continued to weaken in the past week; however, by the end of the period, prices had begun to improve.

In the week ended 31 August, the GB SQQ fell by 3p compared to the previous week, at 175.0p/kg. This left prices 15p higher than the same period in 2015, nevertheless, this is the smallest difference since late June. Prices have fallen despite a fall in the number of animals coming to the market during the period. However, during the week there was some strengthening of the pound against the euro, which will have put some downward pressure on prices. Most of the falls were seen at the beginning of the period, with prices towards the end of the period actually increasing. The GB SQQ on Wednesday 31 August rose by 5p compared to the previous week, at 178.1p/kg. This is likely to be due to increased demand from “Love Lamb Week” and the upcoming Muslim festival of Eid al Adha.

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Another solid increase in prime cattle prices

In week ended 27 August there was another robust increase in cattle prices across the board. The upward pressure in the trade once again comes from the tighter demand/supply balance which has been driving lively competition from processors for a number of weeks. As factories look to secure enough product in the pipeline to meet their retail orders, producers with the required number of in-spec cattle are undoubtedly finding themselves in the best bargaining position.

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