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AHDB Cattle and Sheep Weekly

14 November 2016

AHDB Cattle and Sheep Weekly - 14 November 2016AHDB Cattle and Sheep Weekly - 14 November 2016

Fine balance in the cattle trade very evident

In week ended 5 November the pressure on cattle prices overall was again a little softer. At 348.7p/kg, the GB all-prime average was back under a penny on the week earlier. AHDB estimates suggest that, overall, the number of cattle coming forward was just up on the week earlier, possibly playing a part in stabilising the supply/demand balance. However, with processors starting to look closely at their chill room stocks and booking queues non-existent, the trade is still very finely balanced and in some parts even on the cusp of tipping more into producers’ favour.

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Stability in live lamb trade

Lamb prices at GB auction markets have remained stable in the past week despite a fall in the number of lambs slaughtered, suggesting a decline in demand. In the week ended 9 November, the GB SQQ at liveweight markets increased by less than a penny to reach 166.4p/kg. This leaves prices just 13p above the same period from the previous year. Prices have remained stable despite fewer lambs coming to market compared to the previous week, while the pound remained relatively stable, suggesting demand had weakened compared to the previous seven days. Prices began the period below week-earlier levels and then began to increase. On Wednesday 9 November, prices were up by a penny on the previous week at 163.4p/kg. However, this was only 7p higher than levels seen in 2015 following sharper increases seen at this time last year.

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