Farming News - Lamb trade remains strong

Lamb trade remains strong

Lamb prices continue to reflect the tight supplies that have come forward in the season so far. As has been the case for the past couple of months, prices on both liveweight and deadweight markets have remained at an unusually high level in the latest week. The GB liveweight SQQ in week ended 27 October averaged 239.70p/kg, over 5p higher than the week before. The increase was consistent throughout the week. With a smaller lamb crop in the England census data, this may suggest that trade could continue to see strong prices this season. 

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In the week ended 23 October, the GB deadweight SQQ increased very marginally on the week, gaining just under 2p to average 529.9p/kg. The liveweight trade over the same period also generally saw little change in prices achieved.