Tight British supply helps to boost the hogget trade

OVERDUE improvement in hogget prices has continued, with further gains in the trade this week.

After opening very close to the psychological barrier of 400 cents/kg on Monday, there was a slight slippage in the base price for hoggets Tuesday. But the market remained firm, and the trade steady.

Factory prices had opened Monday ranging from 395 to 385 cents/kg (141p to 137p/lb) and eased by 5 cents/kg (2p/lb) on Tuesday, with slightly fewer plants seeking supplies.