No January blues for lamb prices

Thursday, 13 January 2022

During the most recent week liveweight lamb prices slipped slightly compared to the opening week of 2022 but remained strong in historic terms. During the week ending 12 January the GB liveweight OSL SQQ slipped 4.8p, to 268.33p/kg. The price stands just under 3p higher than a year ago and 64p above the five-year average.

Chart showing British lamb prices in a weekly basis for the first two weeks of 2022

Throughputs picked up on the previous week reflecting that there were no bank holidays and that businesses were returning to a more normal operating pattern post the festive period. A total of 106,000 lambs were sold at GB finished auction market sales, 20% up on the week but 6% down on the same week last year. Reports suggest staff availability in abattoirs is current challenged due to an increase in Covid cases.

Chart showing deadweight prices at the start of 2022

Meanwhile, the GB deadweight OSL SQQ slipped 2.3p in the week ended 8 January, to 614.2p/kg. This is almost 96p above year earlier price and 175p above the five-year average.

Consumer demand is reported to have dipped slightly. January can always be a sluggish month for demand, but this year also restaurant operations have also been disrupted due to Covid. Over the past six months or so, restaurants have also been cutting down their menu offering, at times been at the expense of lamb. Consumer confidence could also be hitting demand as consumers look for ways to tighten their purse strings.

Sign up for regular updates

You can subscribe to receive Beef and Lamb market news straight to your inbox. Simply fill in your contact details on our online form.

Visit the Keep in touch page

While AHDB seeks to ensure that the information contained on this webpage is accurate at the time of publication, no warranty is given in respect of the information and data provided. You are responsible for how you use the information. To the maximum extent permitted by law, AHDB accepts no liability for loss, damage or injury howsoever caused or suffered (including that caused by negligence) directly or indirectly in relation to the information or data provided in this publication.

All intellectual property rights in the information and data on this webpage belong to or are licensed by AHDB. You are authorised to use such information for your internal business purposes only and you must not provide this information to any other third parties, including further publication of the information, or for commercial gain in any way whatsoever without the prior written permission of AHDB for each third party disclosure, publication or commercial arrangement. For more information, please see our Terms of Use and Privacy Notice or contact the Director of Corporate Affairs at  © Agriculture and Horticulture Development Board. All rights reserved.