IFA welcomes increases in lamb and beef prices

IFA sheep chairman John Lynskey said the lamb trade is stable with factories paying from €5.10 to €5.20/kg.

He said €5.15 is the general run on prices with tops of €5.20 paid. Carcass weights in general are 23kgs but some producers with quality stock are bargaining on this point.

Mr Lynskey said lambs are getting scarcer with the weekly kill dipping below 2016 levels for the first time this year at 46,242. 

He said the department figures show Ireland has processed an additional 53,955 sheep to date this year, meaning that any surplus or overhang is now gone out of the system.

Mr Lynskey said the lamb price needs to drive on more as this time last year they were making €5.70/kg. 

On ewes, he said factories are paying €3/kg up to 45kgs.

Meanwhile, IFA livestock chairman Angus Woods has reported cattle prices are rising this week with most plants increasing the base prices by 5c/kg to get numbers. He said the base price for steers has moved on to €3.85 for steers and €3.95/kg for heifers.

Mr Woods said tighter numbers and the change in the weather have left agents and factories hunting for finished stock. 

He said feeders needed to dig in hard and insist on further price increases, which are desperately needed to lift winter finishing out of loss making territory.

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