Spring lamb prices down 20c/kg but up to 880c/kg being paid

The full impact of the factory cuts has not been reflected at the live sales at the marts, where the prices have eased a share, but not in the same ratio as the factory cuts

Processors are blaming weaker export markets for the lamb price decline, which has wiped a sizeable amount off the returns to producers over the past month of negative trends.

The trade for lambs continues under pressure at the factories this week, where prices have been reduced by a further 20c/kg.

There is more variation between the factories on price for this week's supply, and some of the processors are more tight-lipped on their quotes as they assess the market trend forward for the coming week.