Easter push edges quotes upto650c/kg
Kildare is offering the top price for hoggets with its quote of 574c/kg plus 6c/kg plus 5c/kg. Moyvalley is unchanged at an all-in 580c/kg. The ICM plants and Dawn are at the same level of 570c/kg plus the bonus, while the two Kepak plants are quoting 560c/kg plus 5c/kg.
If farmers are selling at what they are being quoted, they are losing a lot of money as prices being paid to hard sellers are well in excess of the quoted figures.
The IFA's James Murphy said spring lambs were making 660-680c/kg to 21kg, while 615-620c/kg was being paid for hoggets.
Kildare has made it a clean sweep over all the categories by also paying the top price for cull ewes with its quote of 330c/kg. Both ICM plants and Kepak Hacketstown are offering 310c/kg. The western plants are on 300c/kg. Again, a bit of bargaining could pay off here, as up to 350c/kg has been paid.
Meanwhile, Bord Bia reported that the trade remained firm over the past week, helped by a build-up in demand in advance of Easter, while supplies remain tight. Quotes for hoggets stood at around € 5.90/ kg, while quotes for spring lamb were generally around € 6.40/ kg. With manufacturing demand showing little signs of easing, the cull ewe trade remained strong as quotes remained unchanged at €3/kg.
In Britain, the hogget trade eased slightly in response to stronger supplies of spring lamb emerging onto the market. The live market prices made the equivalent of €6/kg deadweight including VAT by the weekend. Despite spring lamb supplies strengthening, prices were around €6.90/kg by the weekend.
In France, some promotional activity helped maintain demand for sheepmeat. This, combined with tight supplies of Irish product, has improved prices for Irish grade 1 hoggets to €6.31/kg inclusive of VAT.