Domestic demand and NZ imports dip supports lamb prices

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Lamb prices have reached the ‘unprecedented position’ of being higher than the start of the marketing season last year, as they continue to rise both at auction marts and deadweight.

High domestic demand and smaller amounts of New Zealand lamb have boosted prices.

And despite chaos at the ports, UK lamb was still in demand on the continent following the last minute Brexit deal.

Sedgemoor auctioneer Paul Ashton said the trade for finished lambs was at an unprecedented level going into 2021, as Sedgemoor Auction Centre’s sheep sales passed the three million mark this month.

“The export demand is currently very strong, having a signed deal has ensured no tariffs on British lamb and this has massively helped the sheep market,” he said.

 

by Alex Black / Farmers Guardian

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