Slight recovery in lamb prices

Marts: Lamb prices at the factories ended the week with the steady tone from mid-week being maintained and returns to producers showing a slight recovery from the opening prices on Monday.

Base prices at the processors were ranging 353-342 cent/kg (126p-122p/lb) after recording gains of 3-6 cent/kg (1p-2p/lb) since mid-week. Producers have been welcoming the reversal in the downward trend and hope for more stability for the trade forward, with prices currently trailing the same week in 2003 by up to 15 cent/kg (5p/lb).

Prices in the marts have also had a steadier week.