Factory lamb prices cut by 10 to 25 cents/kg

THERE has been a sharp downturn in prices for lambs at the factories this week, reversing the trend of recent weeks.

As a result of processors reducing prices on offer by 10 to 25 cents/kg, there is less uniformity in quotes.

The range of prices being quoted varies from an all-in 430 cents/kg (153p/lb) at Moyvalley Meats in Co Kildare, down 25 cents/kg from last week, to 435 cents/kg plus the usual bonus — and some of the plants are at 430 cents/kg plus bonus.