€5 for lambs again

LAMB producers are feeling a little brighter this week, and it is not only the weather that has boosted them. An improved lamb trade is also adding to their well-being.

Quoted prices at the factories have improved by 10 to 15 cents/kg (4 to 6p/lb), recovering some of the recent slide, and with supplies available to processors falling, sheep farmers are putting more pressure on processors to pay above their quoted prices.

Processors’ base prices opened on Monday at 475 cents/kg (170p/lb), but the market had hardened further within 24 hours, and they quoted base prices of 480 to 485 cents/kg (171 to 173p/lb) for Tuesday’s kill.