Plenty of uncertainty as lamb prices take a hit

It has been another difficult week for lamb producers with prices under pressure at the factories as the trade slips further behind.

The quoted prices for lambs at the factories have dropped by 10-20 cents/kg with more uncertainty in the trade at the processors who have adopted a cautious approach to committing for more than a day or two forward.

There is unison between the processors on the base price for this week at 530 cents/kg plus the usual bonus payments for quality which is worth between 6 cents/kg and 10 cents/kg.