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Lamb prices forecast to stay high in run-up to Eid

Hoggs rocket past 300p/kg on Monday and Tuesday

Hoggs rocket past 300p/kg on Monday and Tuesday >More in © Tim Scrivener Deadweight lamb buyers could be forced to pay higher prices after liveweight hoggs passed 300p/kg earlier in the week (5-6 April). Numbers remain tight nationally, with some reports of large finishers having half the usual numbers. Some markets are reporting a deadweight equivalent of more than 675p/kg, depending on specifications and kill out. Wigton’s hogg trade hit an eye-catching SQQ of 367.5/p/kg on Tuesday (6 April). This is in stark contrast to pre-Brexit fears, which led to more lambs being marketed last year and fuelled the present price spike, leaving a supply shortage. 

Lamb prices likely to stay high amid tight supply

Lamb prices likely to stay high amid tight supply >More in © 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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