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September GB lamb prices follow seasonal trends
Friday, 30 September 2022
GB new season lamb prices continued to follow seasonal trends in September, weakening, but remaining relatively steady. Throughputs have picked up during the four-week period but are behind on the same period last year.
Liveweight
GB liveweight SQQ prices continued to steadily move down through September, following the usual seasonal trend. The average new season lamb price in the week ending 28 September was 227.86p/kg, 8p lower than the price at the end of August. Prices have remained just above year earlier levels and nearly 50p above the 5-year average.
Throughputs at auction markets were estimated at 424,900 head for the four-weeks ending 28 September, up 3% on the previous four-week period, but behind the numbers seen during the same period a year ago by 4%.
For the year to date, throughputs (including both NSL and OSL) reached 4.05 million head, a 2% increase on 2021 but 2% behind the 5-year average.
Cull ewe prices fell £3 over the four-week period to average £72.54/head in the week ending 24 September. Throughputs totalled 205,200 head, a 12% increase compared to the previous four weeks.
Deadweight
GB deadweight SQQ prices for new season lambs showed a more gradual decline through September than in August, again following normal seasonal trends. In the week ending 24 September, the average NSL price sat at 524.8p/kg, down just over 11p compared to the end of August. However, this was 31p above prices from this time last year and over £1 above the 5-year average for the same week.
Overall, estimated slaughter increased in the four weeks to 24 September, up 5% compared to the previous 4-week period to stand at 894,500 head, 1% behind numbers seen a year ago.
Estimated lamb slaughter for the year to date (Jan-Sep) now stands at 8.15 million head, remaining 4% ahead of the same period in 2021 but 5% below the 5-year average.
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