Lamb supply back 20%

There is a steady tone to lamb prices this week after their falls of recent weeks, but supplies are light, and demand is not exciting for the final slaughtering days before Christmas.

A number of the factories did not quote for lambs during the early days of this week. Those which quoted offered 364 cents/kg (130p/lb) to 370 cents/kg (132p/lb) as a base price, with the usual bonus payments applying.

Supplies increased in Britain over recent weeks, resulting in weaker prices.