Liveweight lamb prices lift again

Thursday, 15 October 2020

In the week ending 14 October, the GB liveweight NSL SQQ averaged 201.19p/kg, up by 4p on the previous week. Prices continue to trend high for this time of year, up by over 35p when compared to the same week in 2019. Auction market throughputs were 121,000 head, up 2% on last week. The price of store lambs also remains high compared to this time last year.

The GB deadweight NSL SQQ fell notably in the week ending 10 October, down by 15p to average 435.6p/kg. Despite this decline, prices remain in excess of 64p higher year-on-year.

On Monday, the Government announced a new three-tier system for England, which came into force 14 October. Each tier has varying rules regarding the foodservice sector:

  • Medium - All pubs, bars, restaurants, cafes and other hospitality venues in England permitted to operate must close by 10pm GMT. Table bookings limited to a maximum of six.
  • High - As above, and people from different households are not allowed to mix indoors, including pubs or restaurants.
  • Very high - Foodservice outlets cannot open unless they “operate as if they were a restaurant” and serve “substantial meals”. Alcohol can only be served part of those meals.

These represent the minimum rules for each tier, and so regional councils may introduce additional measures to control the spread of the virus within their area. As such, with different rules now in place for different parts of the country, it is very challenging to predict what impact this is going to have on foodservice demand. However, we are likely to see some regional challenges with this new system in place.

Bronwyn Magee

Trainee Analyst

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