Lamb market monthly update in UK, November 2022

GB new season lamb prices showed recovery in November, following seasonal declines seen over the previous three months. Both liveweight and deadweight prices tracked below the equivalent weeks in 2021, but remained considerably above their respective five-year averages. Margins for livestock farmers continue to be pressured as prices for key inputs remain at high levels. While the rate of input price inflation has eased slightly since August for fuel and feed according to the latest Agricultural Price Index data, there have been further increases in prices paid for fertilisers. UK sheep meat production totalled 24,400 tonnes in November according to Defra figures, up marginally versus October but back 4% compared to November 2021. This was driven by trends in throughputs, although carcase weights were back on the month and year. The latest lamb trade data for October ...