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Lamb prices continue to rise
Thursday, 4 November 2021
By Rebecca Wright
Liveweight prices recorded a sharp increase this week, and now stand at the highest level since the end of July. During the week ending 3 November the GB liveweight NSL SQQ gained almost 10p, reaching 249.29p/kg. Prices gained throughout the week, with the growth noticeably stronger in the latter few days. On Wednesday the 3rd, the daily SQQ stood above 255p/kg.
While prices rose, throughputs took a tumble, totalling just 105,100 head for the week. Not only was this a 6% decline on the week, but a 19% year-on-year decrease. Throughput last year was unusually strong due to uncertainty surrounding the end of the Brexit transition period. However, throughputs are low on historic terms, not just compared to last year.
Meanwhile the GB deadweight NSL SQQ ticked up 3p in the week ending 30 October, standing at 533.2p/kg. Estimated kill for the week was 255,700 head, a slight dip week-on-week.
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