Tight supplies in lamb markets
Lamb supplies remain tight as inflation will play a major role in the supply of lamb onto the market, as well as impacting consumer demand.
Sheep prices were declining following seasonal trends in October.
According to AHDB, the average GB liveweight SQQ for the week ending October 26 was 223.19p/kg, 4.7p lower than the average price for the week ending September 28. Prices have also dipped below where they stood this time last year, down 16.5p/kg, but still sit above the five-year average by almost 35p/kg.
Conditions in the lamb market remain unsteady, as external pressures impact on consumer demand, export trends and lamb supply, according to the latest analysis from Hybu Cig Cymru (HCC).
HCC data analyst Glesni Phillips said the lamb sector had been under pressure due to rising input costs, global trade impacts from the war in Ukraine and inflationary pressures on consumers.
“This has influenced liveweight prices at auction markets, which have fluctuated in recent weeks, while current throughput at abattoirs is below what we would expect for this time of year, suggesting a short-term increase in supply as the year end approaches,” she said.
by Alex Black / Farmers Guardian
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