Lamb prices drop again but expected to stabilise

LAMB prices have taken a tumble, losing 20 cents/kg (7p/lb) at the factories after a weakening in demand and returns from the continental markets.

The increase in prices from the previous week has now been wiped out on the double, but at least the indicators are that prices are likely to stabilise at current levels.

The factories are all in unison this week, paying a base of 420 cents/kg (150p/lb) this week with the usual bonus payments for quality. In the marts, the trade has remained steady.