Deep cut hurts sellers

LAMB prices have taken a sharp drop over the past week, the second largest dive of the season, taking producers

Base prices are back by as much as 45 cents/kg (16p/lb) on last week, trading at 370 to 378 cents/kg (132p to 135p/lb) when the factories opened for business on Monday last.

Prices recovered by 3 cents/kg (1p/lb) on Tuesday, as producers resisted the sharp cut.