Lamb prices soar on tight supply
Festive demand has taken off for the lamb sector, with processors appearing keen to stock up ahead of Christmas.
Some abattoirs have been quoted at up to 650p/kg in the past week while the overall GB average deadweight SQQ lifted by 11p/kg on the week to 625.2p/kg.
Trade at both auction markets and abattoirs has been relatively strong for the time of year, with prices up by about 50p/kg on the same week last year.
This is despite a mountain of logistical challenges resulting from bluetongue with control zones splitting England east to west and impacting businesses on both sides.
Auctioneers say buyer interest is on the up – larger lambs in particular are achieving top prices.
Glesni Phillips, analyst at Hybu Cig Cymru (Meat Promotions Wales) said: “The estimated smaller lamb crop will lead to tighter supplies overall, however well-fleshed, quality lambs are currently in high demand, according to reports.
“Consumer demand continues to be buoyant as budgets remain tight, however there is optimism for another good Christmas for red meat.
“While new season lambs have been slower to come forward this year – there is hope that supply will be able to meet festive demand.”
Charlie Reeve | Farmers Weekly
Read full article Share on twitter