Processors offer no lamb price guarantees

LAMB prices have made a small recovery, with up to 6 cents/kg (2p/lb) being regained, as factory prices track the pattern in the UK.

The factories’ opening base price quotes this week ranged from 350 back to 342 cents/kg (125 to 122p/lb) on Monday, with some factories at the lower end of the price scale adding a few cents for Tuesday’s kill.

At the same time, processors are saying that the markets are not exciting, and are warning that downward price pressure may be just around the corner. Therefore, there is no price guarantee, going forward.