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.

Processors carve an extra 20c off lamb prices

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.

Some sheep farmers are believed to be securing up to 15c over the quoted prices, but higher prices are harder to get this week and not generally available.

The trade was reasonably steady at the marts on Monday, not reflecting the downturn at the factories.

There was a small entry of 300 head at Corrin, Fermoy, where butchers’ lambs sold for up to €78 over, and up to €61 over was paid for factory lots.

There were 500 head on offer on Monday at Kilkenny Mart, where demand was reported to be steady. Butchers’ lambs sold for up to €70 over, and factory lots made up to €62 over.

In Britain, some easing in demand was reported last week. Lambs were making the equivalent of around 487 cents/kg.

In France, there was little activity in the market during the week, with no Ramadan increase in consumption reported.

Large quantities of UK and lighter Spanish lamb, coupled with domestic Lacaune lamb, remained on the market, while poor weather reduced demand for barbecue cuts, and floods continued to disrupt deliveries.

Grade 1 lamb in Rungis made around 546c (including VAT) last week.

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