Processors warn of lamb price slump

THERE is no joy for sheep farmers in the prices quoted for their lambs at factories this week.

On top of last week’s cuts, processors have slashed up to 20 cent/kg more off prices, severely reducing the value of lambs.

Almost all of the factories this week are quoting 520 cent/kg (186p/lb) plus the quality bonus. The exception is the Co Kildare based Moyvalley Meats, offering an all-in 510 cent/kg.