Lamb prices retain gain of 20%

LAMB prices retained gains in excess of 20% at the factories and improvements of up to €12 per head in the live trade at the marts in yesterday’s trading.

Lamb prices retain gain of 20%

The price rise, which began on Thursday last following confirmation of another outbreak of foot and mouth in Britain, developed into a surge in returns on Friday and continued the upward trend in prices offered to producers for lambs this week.

Yesterday, the factories were quoting 415-410c/kg (148p-146p/lb) for lambs, while paying above the quoted rates to secure sufficient lambs to supply some of the deficit being created by the restrictions in Britain where a further foot-and-mouth outbreak in a sheep flock in Surrey was confirmed yesterday.

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