GB lamb prices remain steady
September GB lamb prices continue to follow seasonal trends which is “weakening but remaining relatively steady”, according to the Agriculture and Horticulture Development Board (AHDB).
AHDB’s latest figures confirm that throughputs of lamb picked up during September, but are behind compared to the same period last year.
GB live-weight standard quality quotation prices (SQQ) continued to “steadily decline” through September, following the “usual” seasonal trend. The average new season lamb (NSL) price at the end of September was 8p lower than the price at the end of August and prices have remained just above year earlier levels, and nearly 50p above the five-year average.
For the year-to-date, throughputs including both NSL and old season lamb (OSL) increased 2% compared to 2021, however this is still 2% behind the five-year average.
GB deadweight SQQ prices for new season lambs showed a more gradual decline through September than in August, again following “normal seasonal trends.”
The average NSL price in September was down just over 11p compared to the month previous, however this is 31p above prices from this time last year and over £1 above the five-year average for the same week.
Estimated slaughter increased in September by 5% compared to the previous month, and estimated lamb slaughter for the year-to-date remains 4% ahead of the same period in 2021.