Upward lamb price trend comes to a halt

THERE has been a slight easing in lamb prices for this week at factories, ending the upward price trend of the past three weeks.

While some of the plants have maintained prices similar to last week, quoting a base of 365 cents/kg (130p/lb), the first indication that the upward movement is coming to an end emerged with most processors reducing quoted prices by 5 cents/kg (2p/lb) to 360 cents/kg (128p/lb). The usual bonus payments for quality apply to these quotes.

In the marts on Monday, prices were improved by €2 to €4 per head in steady demand for the smaller entries.