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Pressure proves too much and British lamb prices fall
Thursday, 5 August 2021
By Rebecca Wright
Liveweight lamb prices took a tumble this week. In the week ended 4 August the GB liveweight NSL SQQ fell 25p, to 227.46p/kg. Despite this recent drop prices remain above year earlier levels. Weekly throughputs were back 12%, week-on-week to 102,000 head.
For a significant number of weeks, British and Irish finished lamb prices had been above their French counterparts. Historically, if British prices get close to French prices, and especially if they exceed them, export demand diminishes. It is perhaps not surprising then, that prices have been unable to resist this downward pressure, and have now fallen.
In contrast to recent falls in liveweight prices, the GB deadweight NSL SQQ gained 5p in the week ending 31 July to stand at 565.5p/kg. Estimated kill for the week was up 6% on the week, to 220,000 head.
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