Difficult week for lamb producers as prices slide

It has been another extremely difficult week for lamb producers as they watched their margins being further eroded in a price slide that has replicated returns to investors in the other stock market during June.

For the second consecutive week prices have tumbled. Last week the trade opened with prices going under 400 cents/kg for the first time this season.

A week later some processors were quoting 368 cents/kg. and the best base price on offer on Tuesday was 381 cents/kg at Kepak, Hacketstown.