Lamb prices lose up to 15c/kg

Marts: Lamb producers are experiencing another difficult week with the fall in prices being offered by the factories continuing to erode their margins.

Quoted prices for lambs have dropped 10-15c/kg (4p-5p/lb), with the downward trend now damaging both the returns and future confidence in lamb production.

Yesterday, the factories were offering base prices ranging 380-375c/kg (135p-134p/lb), with the usual bonus of 6c/kg (2p/lb) for quality lambs.