Prospects good for sustained market recovery

THERE has been a further improvement in lamb prices at factories this week, and the prospects appear reasonable for the recovery to be sustained in the short term at least.

Processors’ quotes have increased by 6 to 8 cents/kg (2p or 3p/lb) this week.

The trade opened on Monday with a general base price of 325 cents/kg (116p/lb), which was slightly up on last week, but a further increase for Tuesday brought the base to 331 cents/kg (118p/lb), an indication of the direction the trade is going.