Downward price trend at factories disappointing

Further easing in lamb prices at factories this week has disappointed sheep farmers, continuing a downward price trend for a third consecutive week.

Prices being offered are on a base of 450 cent/kg (160p/lb). Most of the plants are adding the usual bonus for quality, but Kepak (Athleague) offers an all-in 450 cent/kg. The other exception to the pattern is an all-in price of 460 cent/kg on offer at Moyvalley Meats, Co Kildare.

Reports from around the country indicate that processors are paying 5-10 cent/kg above the quotes for lambs, and producers are being encouraged by the IFA to negotiate the best deals they can.