Liveweight lamb prices ease

Thursday, 18 June 2020

By Rebecca Wright

During the week ending 17 June the seasonal downwards pressure on lamb prices remained. The GB liveweight NSL SQQ dropped almost 20p, to 214.28p/kg. The quote currently stands just above year earlier levels. Reports suggest those lambs meeting export specs are in demand at the moment. Unsurprisingly the weather is impacting on finish levels, although the recent rain does at least mean the grass is growing.

Auction market throughputs for the week totalled 96,000 head, down 8% week-on-week. Despite this, throughputs in June have been higher year-on-year, perhaps reflecting the lower kill recorded during April and May.

In the week ended 13 June, the GB deadweight NSL SQQ increased by around a penny on-the-week, to 492.7p/kg. The price remains more than 40p higher than the same week last year. Estimated kill for the week totalled 225,800 head, up 7% on-the-year. This was a week-on-week increase of 5%.

Rebecca Wright

Analyst - Red Meat

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