Lamb prices hold their ground over Christmas

Thursday, 2 January 2020

The GB daily liveweight SQQ has been relatively steady over the Christmas period. For the week ending 25 December, the SQQ price increased by nearly 16p to finish at 212p/kg. More recently, for the week ending 1 January, the SQQ totalled 208p/kg, down a little on the previous week but still up on the same week of last year. Cull ewe prices have been reported as strong over the festive period, averaging £77.47/head.

In November, we saw a Brexit delay and continued access to the EU supporting lamb prices. With the withdrawal agreement passed by parliament, continuing the current EU trading relationship until 31 December 2020, lamb prices have again received some underpinning support.

Meanwhile, the deadweight price has continued an overall upwards trend, to finish at 438p/kg for the week ending 28 December. Kill is always low during the Christmas period, and totalled 122,000 head for the past week.

Industry reports suggest numbers are likely to be tight during January, reflecting the wet conditions so far this winter.

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