Eid supports lamb prices

Thursday, 15 July 2021

By Rebecca Wright

The upcoming Islamic festival of Eid-al Adha has continued to support demand this week. During the week ending 14 July the GB liveweight NSL SQQ stood at 251.21p/kg, up 0.95p on the week. On a seasonal basis prices have remained strong. Throughputs stand at 124,000 head for the week, up 10% week-on-week. Cull ewe throughputs were also strong at 66,000 head.

In the week ended 10 July the GB deadweight NSL SQQ rose 27.6p, to 546.4p/kg.

With most of the sourcing of lambs for Eid now over, although the festival is not until early next week, there is much anticipation of where lamb prices may go next. The number of lambs coming forwards over the past few months has been below our expectations. If and when these lambs make an appearance is a key question for many in the industry.

Image of staff member Rebecca Wright

Rebecca Wright

Senior Analyst - Red Meat

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