Another disappointing week for sheep farmers

LAMB prices continued to slip at the factories in another disappointing week for sheep farmers, the result of which has been a total price reduction of up to 16 cents/kg (6p/lb).

When factories re-opened on Tuesday, they quoted base prices from 406 to 409 cents/kg (145p or 146p/lb), as the slippage in prices of the second half of last week continued into this week.

Prices quoted by individual processors are back by 12 to 16 cents/kg (4p to 6p/lb) since the start of last week.