Liveweight lamb prices bounce back, while deadweight slips

Thursday, 5 March 2020

By Rebecca Wright

Following the previous weeks decline, liveweight prices bounced back this week. During the week ending 4 March, the GB OSL liveweight SQQ increased 3.5p, to 238.39p/kg. Prices continue to trend well above average. Throughputs for the week totalled 107,000 head, up week-on-week by 5,000 head.

The continued challenging weather situation is encouraging numbers forwards, according to industry reports. Other industry reports suggest New Zealand lamb intended for the Chinese market is now heading our way. It will still be several weeks until the boats dock here. There is some doubt as to how much lamb is likely to actually appear on the European market, as reports from across different industries suggest the global shipping market is currently clogged up with little movement due to the on-going coronavirus situation in China.

Meanwhile, the GB deadweight market reflected the previous week’s liveweight market. The GB deadweight SQQ slipped almost 2p in the week ended 29 February, to 530.3p/kg. Despite this, price remains the highest level on record for the time of year and is around a £1 above the 5 year average.

GB estimated kill for the week stands at 195,500 head, up 10,000 head week-on-week. However continuing the trend recorded through February, numbers are down year-on-year.

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