Hoggets in demand as quotes rise 10-15c/kg
Sheep farmers can be added to a list that includes the Irish rugby team, Irish horses and jockeys and the Clarinbridge hurlers -- it has been a great week for them all.
One success after another and with a further improvement to lamb quotes of 10-15c/kg, the man selling hoggets at the moment is probably the happiest of all mentioned above.
Retaining the top spot, a 10c/kg rise leaves Moyvalley Meats on an all-in quote of 550c/kg. Both Kepak plants are up by 15c/kg to a base of 535c/kg plus the bonus. For suitable stock, Kildare Chilling's 530c/kg plus the 5c/kg quality assurance on top of their normal 6c/kg bonus has them more or less equal to the Kepak plants. The two ICMs and Dawn Ballyhaunis are quoting 530c/kg plus 6c/kg.
While 23kg carcass weight is the official line, farmers are negotiating higher weights. Some of the factory men were anxious to point out that the quality of quite a few hoggets being offered left a lot to be desired and urged farmers to feed a bit more in order to get a proper finish to their stock.
Kildare, the ICMs and the Kepaks are all on an unchanged €6/kg for the new-season lamb, with 19kg the cut-off point.
Commenting on the trade, the IFA's James Murphy said that tight supplies had pushed prices up to 560c/kg, with young lamb prices having moved up to 620-630c/kg.
The cull ewe trade has also improved with half the plants upping their quotes to €3/kg. Included here are Kildare and both Kepak factories, while Dawn and the two ICMs are quoting 290c/kg.
The overall trade is continuing to benefit from tight Irish and British supplies combined with some improvement in demand across export markets, according to Bord Bia.