During the week ending 9 January, the GB liveweight OSL SQQ gained 4.3p week-on-week, to stand at 197.59p/kg. Compared to the five year average the quote stands almost 19p higher, as well as being almost 15p above the same week last year. Auction market throughputs for the week totalled 112,172 head, up 5% year-on-year.
In the week ended 5 January, the GB deadweight OSL SQQ stood at 431.8p/kg, up over 30p on the five year average and 21p higher than the same week last year. This is the highest level for the quote to open the year since 2012. Estimated slaughterings for the week continued the trend set through December and were recorded at 174,100 head, down 18% year-on-year. Industry reports suggest demand for lambs is currently out-stripping the supply. This is likely to be the case until Easter, with old season lambs slaughter between January and May this year forecast to be 7% below year earlier levels.