450-455 c/kg base lamb price quoted at fac­to­ries

Irish Examiner - Farming - - FARMMARKETS - Martin Ryan

There has been some im­prove­ment in the lamb trade at fac­to­ries this week, partly brought about by a tight­en­ing in the sup­ply of lambs avail­able to the pro­ces­sors.

Price im­prove­ments range from 5 cent to 10c/kg, and there is also a nar­row­ing of the price range across pro­ces­sors, who are all within a band of 450-455 cents/kg base price for this week. The usual bonus pay­ments for qual­ity ap­ply, of 5-10 cents/kg. With an all-in price of 460 cents/kg on of­fer from one pro­ces­sor, there is very lit­tle to choose on price be­tween pro­ces­sors this week.

That said, the pat­tern of pay­ing over the quoted prices for lambs con­tin­ues, with farm­ers re­port­ing most of the lambs this week go­ing into the fac­to­ries at 470 cents/kg, and a size­able per­cent­age mak­ing up to 475 cents/kg, but very few deals above that avail­able. The bank hol­i­day last Mon­day re­sulted in live sale days be­ing al­tered, but the in­di­ca­tions for the clos­ing days of last week were that prices had sharp­ened on the ex­pec­ta­tion of the fac­tory price rise.

In Bri­tain, the trade ex­pe­ri­enced some in­crease last week due to a decrease in through­puts. Prices have in­creased since mid-Oc­to­ber, and the liveweight price for the week end­ing Oc­to­ber 25 was 2.31p above the same week last year.

In France, the trade re­mained rel­a­tively steady last week with lit­tle sig­nif­i­cant change re­ported.

Grade 1 Ir­ish spring lamb was mak­ing around 488 cents/kg (in­clud­ing VAT) early last week.

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