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Liveweight lamb price dips as demand falls at markets across the UK

Liveweight lamb prices have dropped back, with both prices and numbers below last year’s levels.

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Liveweight lamb price dips as demand falls at markets across the UK

In the week ended January 16, the GB SQQ fell by nearly 4p/kg to 193.83p/kg, according to AHDB, reversing the upward movement seen a week earlier.

 

This was 11p/kg down on 2018.

 

During the week, the number of lambs sold through auction marts was down 10 per cent on the week, as trade returned to normal after the Christmas and New Year catch-up.

 

This was down 11 per cent on 2018. Felicity Rusk, AHDB analyst, said: “With prices declining despite the drop in throughputs, this suggests lower demand for lambs at livestock markets over the past week.”


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Deadweight prices increased in the week ended January 12, with the GB SQQ up by more than 1p/kg on the previous week at 433.2p/kg.

 

Elsewhere, the latest figures from Defra showed lamb slaughterings fell back at the end of 2018.

 

UK clean sheep slaughtering recorded at 1,184,000-head.

 

This represented an 8 per cent decline year-on-year and a 3 per cent decline on the month.

 

Ms Rusk added: “These figures are perhaps a little surprising, as expectations were that slaughterings were more significantly down on the year.”

 

Ewe slaughterings totalled 147,400-head in December, 11 per cent ahead of 2017.

WELCOME TO THE FG INSIGHT DATAHUB

Welcome to the Datahub, brought to you by AgriBriefing.

 

Every day, we collect financial and market data relevant to the UK agriculture market and make it available to our subscribers via the Datahub, where you can view the latest prices, analyse trends over time and compare prices between UK livestock markets.

 

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