Fac­tory lamb prices cut as much as 20 cents/kg

Irish Examiner - Farming - - FARMMARKETS - Martin Ryan

A fur­ther slide in lamb prices at fac­to­ries has left sheep farm­ers dis­ap­pointed.

Hit­ting a base of 460 cents/kg at the lower end of the mar­ket, the price range on of­fer is 460-480 cents/kg, fol­low­ing the back­wards slide of as much as 20 cents/kg in the past week.

Some pro­ces­sors cut by only 10 cents/kg; it all de­pends on the sup­ply and de­mand sit­u­a­tion at each fac­tory. At the mart sales on Mon­day, there was a firm trade, with prices lit­tle changed from last week, in gen­eral. There was a small en­try of 200 head on Mon­day at Cor­rin Mart, where butch­ers’ lambs sold for up to €69 over, and fac­tory lambs made up to €67 over. In Bri­tain, the trade eased last week due to a rise in through­put, with num­bers up 18% com­pared to the pre­vi­ous week. Lambs in Eng­land and Wales were mak­ing the equiv­a­lent of around 471 cents/kg last week.

The weak­en­ing of ster­ling con­tin­ued to boost the com­pet­i­tive­ness of UK lamb ex­ports, which have al­ready risen by 18% in value terms for the first half of 2017, com­pared to the same pe­riod in 2016.

In France, the trade last week picked up slightly, due to Eid al Adha de­mand. How­ever there were am­ple sup­plies on the mar­ket to meet the higher de­mand.

It is hoped that the re­open­ing of schools and res­tau­rants after the hol­i­day sea­son will help the trade over the com­ing weeks.

Grade 1 Ir­ish spring lamb made around 551 cents/ kg ( when VAT is in­cluded) last week.

Newspapers in English

Newspapers from Ireland

© PressReader. All rights reserved.