Undercurrent of weakening trade threatens lamb prices
The vibes coming from the processors are that the markets have weakened, and sustaining the current prices is being brought into question.
While overall, there is little change to the trade for the lambs at the factories for this week, there is an undercurrent of a weakening in the trade being threatened.
The processors are quoting 700-710c/kg for the lambs plus the usual 10-20c/kg for quality assurance. The suppliers are reporting that they are getting 720-730c/kg, with some deals at up to 740c/kg being possible for larger numbers of quality lambs.
