Tight supply keeps lamb returns steady around 780c/kg

Supply relative to demand at the processors remains tight, and those with larger numbers to offer are reported to be securing deals at the factories for a return of 785–790c/kg this week

The quoted prices are constant at 760–765c/kg, plus the quality bonus adding 10–20c/kg depending on the individual factory for qualifying lambs, giving a general return of 780c/kg for most suppliers.

The steady trade over recent weeks for lambs at the factories is continuing to return stable prices to producers this week.

There is a shade more confidence in the trade forward remaining in a positive mode for the weeks ahead, with the lamb price on some of the continental markets well ahead of the Irish base price and home supplies of factory-ready lambs expected to remain tight through to the end of the year.