May lamb prices: 2020 vs. 2021
Findings from the LMC show that the average deadweight lamb price in NI during the month of May this year was 625.8p/kg. Whereas during the same month last year, the average deadweight lamb price was 494.2p/kg - which equates to a difference of 131.6p/kg or 26.6%. This difference equates to about £28 in the value of a 21kg carcass lamb. Furthermore, the LMC reported that the average liveweight lamb price in NI during May of this year increased by over 20% or 98.2p/kg, compared to the same month in 2020. Similarly, over in Great Britain (GB), the average deadweight lamb price for the month of May this year was up 170.9p/kg to 662.3p/kg.When compared, the difference between the NI and GB average deadweight lamb price equates to 36.5p/kg, or £8 in favour of GB.
Moreover, lamb prices in the Republic of Ireland also boast a greater differential compared to NI prices for the month of May - of 27.6p/kg or £6 (nearly €7) for a 21kg carcass.