Spring lamb prices hold their ground

Thursday, 2 July 2020

Both liveweight and deadweight new season lamb prices rose in the latest week, although liveweight growth was more subdued than the previous week as supplies rose.

In the week ending 1 July, the GB NSL SQQ liveweight price rose by just over 2p to average 228.7p/kg. This is the highest price for the time of year in at least the last five years.

This comes despite spring lamb throughputs breaking the 100,000 head mark this week. Total NSL throughputs rose 26,100 head (+30%) on the week to 113,400 head, and were 29,500 head (+35%) higher than the same week last year.

Reports suggest that demand was particularly good for well-finished medium lambs, with trade slower for plainer sorts. As throughput continues on its seasonal rise, price pressure is likely to follow.

On the deadweight front, the GB NSL SQQ rose 2.5p to average 471.1p/kg in the week ending 27 June. Estimated throughput at British abattoirs fell to 216,300 head for the week. This is 6,700 head below the same week last year.

Hannah Clarke

Analyst - Livestock

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