Steady tone to factory lamb prices

There was a steady tone to the lamb prices at the factories for the opening days of this week as more stability returns to the sector.

The change over to the new season stock is nearing completion which is benefiting the returns to producers, but for those with hoggets still on hand, both the time and price is beginning to run out for 2012.

Unchanged prices have been quoted by the processors for the lambs ranging 550-560 cents/kg (196p-200p/lb) plus the quality bonus for this week with a mix of all in prices at 555 cents/kg also on offer.