Lamb returns up as supply tightens

Stronger demand for tighter supplies of lambs is delivering better returns to producers from the factories this week.

Prices have improved by up to 10 cents/kg at the factories and there is also a stronger mart trade for the lambs.

There is a top price of 520 cents/kg (186p/lb), plus quality bonus being offered in the factory quotes for the week. The remainder of the factories are quoting prices ranging from an all-in 520 cents/kg to 510 cents/kg, plus the quality bonus.