Farmers offered 128p/lb for lamb

IT HAS been another week of pressure on lamb prices at factories, and farmers saw their profit margins reduced — yet again.

Prices dropped by 5 to 8 cents/kg (2p or 3p/lb) for the opening of the trade on Monday compared to the same day last week, with factories quoting base prices of 355 or 354 cents/kg (126p/lb), plus the usual bonus of 6 cents/kg (2p/lb) for quality.

In the marts, the trade was also generally tougher at the opening sales this week.