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AHDB Cattle and Sheep Weekly

26 September 2016

AHDB Cattle and Sheep Weekly - 26 September 2016AHDB Cattle and Sheep Weekly - 26 September 2016

Both live and deadweight lamb markets see declines

Liveweight lamb prices have continued to decline in the past week, despite a fall in the number of lambs coming to market.

In the week ended 21 September, the GB SQQ fell by 4p compared to the previous week, as demand continue to fall following the “love lamb week” campaign and the Muslim festival of Eid al Adha. As prices rose in this week last year, due to Eid al Adha occurring 11 days later, this reduced the difference compared to last year, leaving this year’s prices just 21p higher than the previous year. Prices fell throughout the week, however, the largest falls were seen at the beginning of the period, with the GB SQQ on Wednesday 21 September down by 2p on the week at 171.8p/kg.

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Robust cattle trade for another week

Despite the upwards movement in the trade in recent weeks, encouraging producers to market cattle, prices moved up again in the latest week ended 17 September. The GB all prime average strengthened just over a penny on the week earlier to average 354.0p/kg. However, while overall the uplift was slightly less aggressive than it has been for much of the past three months, it was entirely as a result of young bull prices easing. There is still no doubt that competition from processors is a feature of the market, waiting lists are non-existent for both scheme and commercial cattle as processors seek to meet their retail orders and maintain their cold room stocks. Average R4L steer and heifer values both moved up another 2p on the week at 367.9p/kg and 367.6p/kg. In contrast, R3 young bulls eased back 3p to average 345.0p/kg.

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