Lamb prices advance by up to 20 cent/kg

IT has been another happy week for sheep farmers, as lamb prices significantly improved at the factories.

Quoted prices for the lambs have increased by between 10 cent/kg and 20 cent/kg, with the trade now having more than regained all of the decline of recent weeks.

There is a top price of 475 cent/kg (169p/lb) all-in on offer at Moyvalley Meats, who are the clear leaders in the field this week. Most processors quote 460 cent/kg (164p/lb), plus quality bonus.