Lamb prices up a further 10-20c/kg
Processors To Demand Are Week Up That Market Supply By To Suppliers This 750c/kg Reporting Paid Sufficient The Being Intake Get To Is
Another positive week for the lamb trade with supply tight and prices rising, driven by demand.
Factory quotes have increased 10-20c/kg, driven by competition between processors for supplies as the base prices rise to 520-530c/kg, plus the usual bonus for quality assurance worth another 10-20c/kg.
Suppliers are reporting that up to 750c/kg is being paid by the processors this week to get sufficient intake to supply market demand.
Suppliers expect that the trade will continue strong into pre-Christmas, marking a good end to 2024, which has been a positive one overall for the sector.
The live trade is reporting very strong demand and rising prices being paid for the stores in preparation for the anticipated demand by the end of the season.
The trade for lambs at the marts this week continued strong, with largely unchanged prices being paid.
Numbers on offer are around the same as last week. There was a 620-head entry at Kilkenny on Monday. Prices were broadly similar to the previous week.
There was a top call of €186 for a pen of fourteen butchers’ lambs weighing 52kg. A lot of 16 weighing 51kg sold for €173, while ten weighing 50kg made €167, and ten weighing 49kg sold for €160. The factory-type lambs made up to €130 over.
