Tight lamb supplies keep a floor under factory prices

The overall view is that numbers of lambs coming to market for the year will remain tight, leaving very little scope for the processors to reduce their quotes.

The lamb trade is steady across most of the factories for this week at unchanged prices, with demand reported to be relatively good.

The general base quote is 800c/kg, with the quality assurance bonus adding up to 20c/kg for the qualifying lambs.