This week we have seen auction market throughputs pick up with 134,000 head coming forwards, a week-on-week rise of 28%. Reports indicate that more would have been purchased if they’d been available. This pick up is still a drop in the ocean compared to the lower kill levels recorded in recent months. Prices in France are strong and rising too, exceeding £6.50/kg in the week ending 1 November.
Estimated kill for the week recorded a decline of 15%, to 221,000 head.
In October lamb kill totalled 1,107,000 head, down 11% on the year and 12% on the 5-year average. October is usually the peak month for lamb kill.
Adult sheep kill has also once again recorded a large year-on-year decrease, to stand at 100,400 head. Recorded ewe slaughter was 29% below the 5-year average for the month.
For the year to October, production totals 214,600 tonnes, 11% below year-earlier levels. Lamb prices continue to rise due to the lack of UK numbers and lack of imports from New Zealand & Australia.
Prices for imported lamb is at an all-time high with various products unavailable in any volume. A challenging shipping market is removing the potential for New Zealand to send large volumes into Europe.