Weekly lamb supply 5,000 head lower than last year

AFTER a few weeks of steady trading, signs of a weaker trade for lambs appeared this week, with some downward tweaking in prices at the factories.

For the most part, the base prices on offer range from 336 back to 330 cents/kg (120 to 118p/lb), but some of the factories reduced their prices by 5 cents/kg (2p/lb) on Tuesday, offering a base of 325 cents/kg (116p/lb).

Lamb supply to the factories has slipped under 58,000 head per week, about 5,000 head lower than this time last year.