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The latest World Agricultural Supply and Demand Estimates was published this week by the USDA, which cut global wheat production estimates to 792.95 million tonnes.
Base quotes for quality assured lambs for Thursday now range from €8.20/kg to €8.50/kg, with factories looking to try to maintain upward momentum in throughput.
While October throughput of 1.09m head was 133,500 above September levels, the AHDB reports that it was 18,000 lower than in 2023 and the lowest level on record.
The AHDB now forecasts that production in 2024 is likely to fall by almost 8%, while the 2024/2025 lamb crop is estimated reduce by 4% compared with this season’s figures.