Spring lamb prices off to a strong start
Average prices for new season lambs (NSL) are in a strong position as supply switches away from old season, with throughputs falling short compared to a year ago.
The deadweight GB NSL Standard Quality Quotation (SQQ) averaged 709p/kg in the week ending 3 June, up 24p compared to the same week in 2022.
Meanwhile, the equivalent liveweight measure average 336p/kg, down just 6p year-on-year.
This comes as spring lambs have been slower out of the gates this year compared to last (and the 5-year average).
By the 3 June, just under 186,000 new season lambs had come through GB auction marts since the start of the year, 17% below the same period in 2022.
Indeed, estimated GB weekly slaughter (of both old and new season lambs) has run below 2022 levels throughout most of May.
Hannah Clarke | AHDB
Read full article Share on twitter