Lamb markets

The latest industry data, analysis and insights from the lamb sector to help inform your business decisions.

Key market information

For further information please view our monthly lamb snapshot, an at-a-glance update on the latest trends in the lamb markets.

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Average store lamb prices are currently at exceptionally high levels, averaging close to £70/head. Strong finished prices are undeniably playing a role in supporting prices.

Hide and skin prices have been under long-term pressure, and it’s only been increasing since the beginning of the COVID-19 pandemic. Over the past seven years hide prices have fallen by almost two thirds.

During the week ending 29 July the GB liveweight NSL SQQ increased 7.3p week-on-week, to 224.36p/kg. With prices at these high levels the key question on many minds is where will they go next? Some reports have suggested August could bring a return to more normal trade.

Ex-farm feed wheat prices steadily increased week-on-week throughout July.

UK sheep meat exports fell 19% in May, mirroring lower domestic production. Imports are also down, due in-part to restricted NZ supplies.

The GB liveweight NSL SQQ averaged 217.1p/kg in the week ending 22 July, down 6.9p on the week.

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