During the week ending 10 January, the liveweight GB OSL SQQ gained 0.58p on the week, to 182.74p/kg. This is almost 13p above the same week last year. Overall throughputs fell 2% on the week, to 106,500 head.
This is perhaps surprising considering this is the first full week since the festive period. Cull ewe throughputs however recorded a different trend, increasing by 24% week-on-week, to 37,400 head, which is potentially more in line with the trend expected.
In the week ended 6 January, the deadweight GB OSL SQQ increased by 5.3p week-on-week, standing at 410.4p/kg. The quote stands well above year earlier levels, by 23.8p. Estimated slaughterings for the week totalled 178,700 head, 14% below the same week last year.
Considering the number of lambs believed to have been held over, we would expect slaughterings to pick up in the coming weeks. Having said that, the current wet weather may being playing a part in holding back the supply of lambs coming forwards for now. Industry reports suggest that supply of finished lambs may currently be lagging below demand, which is supportive of the price.