Lamb prices remain firm for time of year

Thursday, 29 October 2020

By Charlie Reeve

Liveweight lamb prices have been testing the 200p/kg barrier this week with a slight uplift on the previous week. The GB liveweight NSL SQQ price averaged 199.4p/kg for the week ending 28 October. Liveweight lamb prices were up 4p on the previous week and 31p on the same week last year.

Auction market throughputs were estimated to be down by 15,500 head on the previous week, estimated at 104,500 head. Some industry reports suggest adverse weather has limited the quality and volume of some of the stock coming forward, although this is likely to be seen at a more regional level.

The deadweight price remained stable for the week ending 24 October, the NSL SQQ averaged 441.1p/kg, down just 0.5p on the previous week. The deadweight lamb price is currently 68p above the same week last year, and 69p above the five-year-average. Total estimated throughputs were up by 8,900 head on the previous week totalling 269,600 head.

The cull ewe price averaged £60.13 per head, up just five pence per head on the previous week, cull ewe prices remain marginally up on last year’s prices for the time of year.

Charlie Reeve

Analyst - Livestock

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