Lamb prices have plummeted at UK auction marts in September, with production dipping below last year’s levels for the first time since May.
In the week to September 20, prices fell every day, to 163.05p/kg, a drop of 8.09p/kg week on week and 12.08p/kg lower than last year.
AHDB put the decline down to seasonal trends, although the decline was somewhat sharper this year than usual, reflecting lower demand. Throughputs also dropped by 6 per cent.
Deadweight prices for the week ending September 16 also fell beneath the same week last year for the first time since April, dropping 12.8p/kg week on week to 403.7p/kg.
For prime cattle, prices have continued to be at about 3-4 per cent higher than last year, according to Quality Meat Scotland.
Over the past few years, prices have peaked in mid-September before easing throughout October as producers sell cattle off-grass prior to housing. Prices then rise in November due to Christmas demand.
However, this year, the supply of cattle has remained tight, with a trend to selling younger, lighter cattle.
While UK cattle prices were higher in sterling terms, they were lower year on year in euros due to the weakness of sterling which has made imports less competitive.