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AHDB Cattle and Sheep Weekly

12 September 2016

AHDB Cattle and Sheep Weekly - 12 September 2016AHDB Cattle and Sheep Weekly - 12 September 2016

Another gain in the cattle trade

In week ended 3 September prime cattle deadweight prices increased again. However, the uplift in the market was less robust than the week-on-week price rises over the past few weeks. Nevertheless, the continuation of a supply/demand balance that is in producers’ favour has once again driven the trade. Given the shorter working week as a result of the bank holiday, at 30,800 head, AHDB estimates suggest that numbers were back over 3,000 on the week earlier. Reports suggest that processors were robustly in the market for all types of cattle, particularly those meeting required specification. At 350.0p/kg the GB all-prime average was up a penny on the week earlier. This represents the smallest week-on-week uplift in the past month or so, but still contributes to the 40p/kg strengthening in the measure since last April. Steers meeting R4L specification moved up 2p on the week to average 364.2p/kg while heifers of the same specification were 3p dearer at 362.7p/kg. R3 young bulls were up a penny at 346.3p/kg.

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Higher demand leads to liveweight lamb price rises

The price of liveweight lamb has risen in the past week as demand has risen due to both the “Love Lamb Week” campaign and the upcoming Muslim festival of Eid al Adha. In the week ended 7 September, the GB SQQ rose by 9p on the previous week to reach 183.8p/kg. This pushed prices to 31p above levels from the same period last year as prices this year were falling. This comes despite a large increase in the number of lambs being sold at market. This follows an increase in demand due to both the “Love Lamb Week” marketing campaign and in preparation for the Muslim Festival of Eid al Adha. The size of the increase seen declined as the week progressed. The smallest increase seen on Wednesday 7 September when the GB SQQ was up by 3p on the previous week at 180.8p/kg.

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