Liveweight lamb market dips

The liveweight lamb trade has dropped a little in the past week, reversing the upward movement recorded in the previous seven days. In the week ended 16 January the GB SQQ fell by nearly 4p to 193.83p/kg. This meant the gap compared to the previous year fell back to 11p, similar to two weeks ago, as the price this time last year remained stable week-on-week. Daily prices were generally lower throughout the week, with only Thursday 10 January recording any upward momentum.

During the week, the number of lambs sold at GB auction markets was down by 10% compared to the previous week, reflecting a return to normal trading after the Christmas and New Year catch-up. Numbers were also 11% below the same period in 2018. The percentage of lambs falling within the SQQ weight band stood at 72%, similar to last week (71%) but a little lower than a year earlier (74%). With prices declining despite the drop in throughputs, this suggest lower demand for lambs at livestock markets over the past week.

While the liveweight trade was falling, the deadweight price increased in the week ended 12 January. The GB SQQ was up by over a penny on the previous week at 433.2p/kg, the difference compared to the same week in 2018 increasing slightly to 22p.