Further factory cuts deepen pressure on hogget prices

Processors are offering a base of 745–750c/kg for hoggets this week, plus the usual quality assurance bonus of 10–20c/kg for qualifying supplies.

There is no relenting of downward pressure on hogget prices at factories, with a further cut to producer returns this week.

Waning confidence in the sector has been further undermined by another reduction of 10c/kg for hoggets at processing plants.