Lamb prices rise 5c/kg but French market still subdued
If our rugby defence had been as steady in New Zealand as the lamb prices have proved over the past week, then we wouldn't have leaked three soft tries against the Welsh.
The good news for sheep farmers is that three of the processors have increased their quotes by 5c/kg, with the rest retaining the status quo since this day last week.
Moyvalley and Kildare Chilling are still top of the pile, with Moyvalley on an all-in quote of 450c/kg and its neighbour offering a base quote of 440c/kg plus a 6c/kg bonus for better lambs, as well as the 5c/kg for quality assured stock.
Thereafter, the rest of the plants are quoting a 440c/kg base price plus the bonus.
The two ICM plants and Dawn Ballyhaunis increased their quotes by the aforementioned 5c/kg to bring them up into line with the others.
Word from the factories is that despite an unexcited market, supplies are reasonably tight and this, allied to a steady domestic trade, is helping to keep prices pretty firm.
A number of the factory buyers mentioned an obvious lack of thrive in some lambs recently, with farmers reluctant to feed meal regardless of weather conditions.