Downturn in factory lamb prices

The lamb trade has dipped this week at the factories. Picture: Lorraine Teevan

The lamb trade has taken a sharp downturn at the factories for this week, where the prices have seen the heaviest-cut year to date.

Processors have reduced their quotes for the lambs by 40-60 cents/kg, blaming a drop-off in demand for lamb at retail level and suggesting that the customers are reducing their spending on lamb.