Confidence falls as lamb prices take a battering

Confidence falls as lamb prices take a battering

Farming Lamb trade / sheep prices stock / iStock

The market for lambs has hit a state of turmoil after the processors slashed the prices for this week's intake, driving confidence to a new low among breeders.

Several of the plants did not quote for supplies for the early days of this week - driving further fear into suppliers - and those showing their hand reduced their official quotes by 20 cents/kg to 40 cents/kg.

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