Lamb prices continue to trend high for the time of year

Thursday, 17 September 2020

By Rebecca Wright

In the week ending 16 September the GB liveweight NSL SQQ dropped 3p, to 208.78p/kg. Prices continue to trend at a high level for the time of year, being 44p above year earlier levels and up 43p on the five-year average. Throughputs totalled 124,000 had which is lightly down on the week, but significantly up on the year.

Industry reports suggest export demand is still hot. However concerns over the UK, or regions of the UK, entering lockdown have put a dampener on demand for the foodservice sector.

Meanwhile deadweight prices have recorded a second consecutive week of increases. The GB deadweight NSL SQQ averaged 464.3p/kg in the week ending 12 September, up 7p week-on-week. Similar to the liveweight trade, prices are well above typical levels for the time of year. Estimated kill for the week stands at 302,900 head, which is up on-the-week although the previous week contained a bank holiday. Kill was strong compared to the same week last year.

Rebecca Wright

Analyst - Red Meat

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