Lamb market analysis

Keeping up to date with all of the latest lamb market information is crucial. Here we have all the latest analysis and insight from our industry experts to help guide you through market movements and provide a clear, impartial view on what it all means.

Latest market news

There is currently some additional demand for lamb due to the Islamic festival of Eid-al-Adha. As part of the festival every Muslim follows in the footsteps of the Prophet Abraham and has an animal slaughtered as an offering to God.

EU27 sheep meat production is forecast to fall by 1.5% compared to 2019.

Liveweight and deadweight new season lamb prices rose by 2p and 2.5p in the latest week, respectively.

The UK wheat crop is expected to be smaller year-on-year, with UK crop conditions now varying across regions.

Liveweight lamb prices have had a bumper week this week. The GB liveweight NSL SQQ gained 12p, to 226.64p/kg. Industry reports suggest supplies were below demand.

During April UK exports of fresh and frozen primary sheep meat totalled just over 6,100 tonnes, down 2,300 tonnes year-on-year. UK export volumes were expected to contract due to the on-going COVID-19 situation both here, and on the continent.

Key analysis