Processors carve an extra 20c off lamb prices

Lamb producers are feeling more pain this week after processors carved 20 cents/kg more off their returns, continuing the recent market trend.

Other than one offer of 490c all in, all processors quote a base of 480c plus the usual bonus payments for quality.

Processors are pointing to poor demand for lamb in France, partly attributed to bad weather, and strong supplies of lamb from both UK and Spain competing with Irish lamb.