Lamb prices likely to stay high amid tight supply

Lamb prices likely to stay high amid tight supply
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© Tim Scrivener
Tight supply, a tariff-free EU deal and limited imports mean lamb prices should stay high. However, there are warnings of possible volatility.
Many producers sold lambs in the run-up to Christmas and New Year’s Day, due partly to fears of a hard Brexit and continued wet weather, which was making finishing lambs a challenge, say auctioneers.
In the week ending Tuesday 12 January, markets saw the SQQ average jump 19.5p/kg to average 262.52p/kg liveweight. This was on a throughput of just over 75,000 head, itself a 99% rise on the previous week, which also saw a substantial price increase. 

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