Finished lambs drop back, but still remain up on last year

Thursday, 8 October 2020

In the week ending 7 October, the GB liveweight NSL SQQ averaged 196.96p/kg, down 0.85p on the previous week. Despite this minimal decrease, prices still remain up by in excess of 29p/kg compared to this time last year.

The gap remains tight between prices for store lambs and finished lambs. The potential re-closure of parts of the food service sector in some regions will make levels of demand an interesting watchpoint for the weeks ahead.

GB deadweight prices have dropped back notably on the week with the SQQ averaging 450.7p/kg for the week ending 3 October, down by 12.2p week-on-week.

Reports have suggested that harsh weather in many regions is limiting the quality of some of the stock coming forward.

The total estimated slaughterings were up week-on-week increasing by 17,500 head to total 338,200 head for the week. Based on this estimate, total throughput is up 25.6% compared to the same week last year.

The cull ewe price remains fairly stable averaging £62.33 per head, well up on prices at this stage of the year during 2019.

Charlie Reeve

Analyst - Livestock

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