Lamb strong as retailers prepare for Easter

The liveweight lamb market strengthened further in the w/e 29 March, with demand increasing as Easter approaches. 

The GB SQQ (Standard Quality Quotation) rose by 12p compared to the previous week, reaching 187.9p/kg, its highest level so far in 2017, AHDB Beef & Lamb claimed. Prices stayed below last year’s levels. However, the gap closed to just 2p. Prices grew despite throughput being 16% higher than in the previous week, amid rising demand in the past few weeks to cover higher Easter retail sales.

Throughputs grew significantly on the same week in 2016, although with Easter falling in this period there were fewer working days. Prices were up throughout the period. The largest gains were seen at the start of the week, with prices on 29 March up by 4p on the week at 182.0p/kg.

Deadweight prices also rose in the week ended 25 March, with the GB SQQ up by 5p on the previous week at 399.1p/kg. Prices remained 39p below year-earlier levels, although they rose despite estimated slaughterings increasing by 1% on the previous week and by 10% on the same week last year.

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