Strong domestic trade underpins lamb prices

THERE has been very little change in lamb prices at the factories from last week.

Prices for Tuesday’s kill were similar to last week’s at some factories, back by 3 cents/kg (1p/lb) at others, and occasionally 6 cent/kg (2p/lb) down, in a base price range of 336 and back to 328 cent/kg (120p to 117p/lb), slightly stronger than the opening quotes on Monday last.

Supplies of good quality lambs are not over-plentiful, and neither are the export markets exciting, so processors are not under pressure to get large supplies for the French market. But the domestic trade is holding up well, and taking a considerable volume, which remains a critical foundation for lamb prices.