Factories report little price change
Unlike the clocks over the weekend there is no real change to the lamb trade as far as this week's factory quotes are concerned. But factory sources were, when contacted yesterday morning, not overly optimistic for the week ahead.
They were basing this on large supplies both here and in Britain, as well as the Muslim festivals easing off.
The base quote of 440c/kg plus the bonus remains on offer from all of the plants apart from Kildare Chilling who are not quoting for lambs today. Moyvalley's quote of an all-in 440c/kg is the only other move and the drop of 10c/kg shifts them from the top of the pile to the bottom and they are not quoting for light lambs this week either.
Despite the quotes, however, there are a number of lambs being slaughtered this week at stand-on prices from last week of between 460-465c/kg to weights of 21.5-22kg. This was more common in the east of the country than elsewhere. Farmers had to bargain hard but it was available from a number of factories.
If your lambs are overweight make sure you are not going to be penalised as I have heard from a few farmers that were very angry with the penalties they got where their lambs killed out in excess of the cut-off point. Again I will say that if you have heavy stock the mart is by far the best place to sell those.
The IFA's James Murphy said that it is vital for the factories to maintain prices in order to keep confidence in the trade and especially the store lamb trade. He added that farmers were concerned with some of the negative talk from the processors.
He stressed the absolute need for farmers to get the "line in the sand" price of €100/lamb in order to ensure that the high costs of production this year are at a minimum covered.
The ICM plants and Kildare lead the way on 200c/kg for the cull ewes. Dawn Ballyhaunis have reduced their quote by 10c/kg to 190c/kg. Kepak Athleague are offering an unchanged 175c/kg.