Upward trend in factory and mart prices for lamb continues

THE recovery in lamb prices continued at factories this week, as supplies tightened.

Quoted prices are stronger by 5 to 10 cent/kg, continuing the trend of the past two weeks. There is very little difference between prices quoted at each factory for this week. Moyvalley Meats continues to offer an all-in 455 cent/kg (162p/lb), which may be slightly more attractive for some suppliers, depending on the quality of their lambs, than the 450 cent/kg plus bonus for quality which is being offered by all of the other processors. Supplies remain tight.

The trade in the marts is also stronger, with improvements of up to €5/head reported from last Monday’s sales.