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Lamb prices drop sharply, but are expected to rally
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Cull cow prices maintain upward momentum
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Deadweight lamb values up again but live prices dip slightly >More in
© Tim Scrivener
Deadweight lamb values have continued to rise, with supplies of old-season stocks dropping and the main flow of the 2021 crop yet to kick in.
Although the low ebb between crops is a seasonal norm, this year’s trough has been wider and deeper, driving up prices.
Supplies continue to be affected by a rush to sell lambs at the end of 2020 amid concerns over post-Brexit trade, according to the AHDB. The rush depleted stocks and throughput dropped by 7%, year on year, after Britain left the EU on 1 January.