Deadweight lamb prices show promise whilst liveweight drop back

Thursday, 12 November 2020

By Charlie Reeve

Liveweight lamb prices dropped back slightly over the last week. The GB liveweight NSL SQQ price averaged 204.79p/kg for the week ending 11 November. Liveweight lamb prices are down nearly 5p on the previous week, however they are still up 17p on the same week last year.

During the last week, auction market throughputs were estimated at 127,500 head, down 2% (2,000 head) on the previous week, however throughputs still remain up on last year’s levels. Some industry reports have suggested that demand may now steady towards Christmas, and that the current restrictions in place and numbers coming forward may have more of an influence on the price in the short term.

The deadweight price has jumped up for the week ending 7 November, the NSL SQQ averaged 447.9p/kg, up 11.8p on the previous week. The deadweight lamb price is now 58p above the same week last year, and 71p above the five-year-average. Total estimated throughputs were up by 3,100 head on the previous week totalling 252,700 head.

The cull ewe price averaged £64.99 per head, an increase of 49p head on the previous week. Cull ewe prices remain fairly strong, and are currently still well up on last year’s levels for this time of year.

Charlie Reeve

Analyst - Livestock

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