Lamb prices lose up to 60 cents/kg

LAMB producers are learning to their cost this week that volatility is not confined to the financial markets, as lamb prices at the factories tumble like nine-pins.

Watching the factory quotes for lambs sink into a landslide, losing up to 60 cents/kg since the opening of the trade last week, has made many producers feeling very despondent.

The signs were beginning to appear, but no one could have predicted such a downturn in such a short time, which has robbed the trade of any life that was in it.