Sharp rise in lamb prices at factories

Marts: Lamb prices at the factories, which showed hopeful signs of recovery earlier in the week, made considerable gains yesterday, with an improvement of up to 11 cent/kg (4p/lb) at the processors.

In the marts, the first signs of an easing in the high prices for store bullocks emerged at sales in counties Kilkenny and West Cork during the day with a weakening in interest by farmer buyers.

After four weeks of falling prices for lambs, daily gains which have been achieved through the week, received a boost at the factories yesterday when prices recorded the largest daily gain for several weeks by up to 11 cents/kg (4p/lb).