Lamb price steadier

LAMB prices have steadied — at last — at a low level with some of the factories, showing a slight improvement in the quoted prices for this week.

Any gains are limited to around 2 cents/kg at a couple of the plants, while prices at the majority of the factories are unchanged from last week. Base prices opened for the week at 372-370 cents/kg (133p-132p/lb) with the prices holding at a similar range for Tuesday as the market in Britain improved as supplies tightened.

By the end of the week the lambs were making the equivalent of 401 cents/kg (143p/lb), including VAT. The numbers tightened considerably during the early days of the week before showing an increase again towards the end of the week.