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

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.

Overall the disruption and uncertainty related to the COVID-19 pandemic is likely to continue for many more months. For a second consecutive year, global meat production is expected to contract.

During the week ending 17 June the seasonal downwards pressure on lamb prices remained. The GB liveweight NSL SQQ dropped almost 20p, to 214.28p/kg.

Lamb kill production in May had many of the same trends as in April. Numbers forwards were significantly down (-22%) on-the-year, at 766,000 head.

Key analysis