Lamb trade holds firm as 'hardened sellers' negotiate up to 465c/kg
THERE isn't much to report this week - and I'm not talking about Kilkenny and Europe winning the Liam MacCarthy and Ryder cups respectively.
The quotes for lambs have remained unchanged during September at a base of 430c/kg and it looks very likely that they will enter into October on this figure.
Some producers had hoped that the quotes would have moved up either last week or early this week on the back of demand for the Muslim Eid-al-Adha festival at the weekend.
Unfortunately, this didn't materialise but farmers continue to bargain for prices well above the quotes on offer.
Many of them are securing prices of between 450-460c/kg. As is always the case, however, if you don't bargain you stand to lose anything from 15-25c/kg or up to €5.50/lamb.
The ICMs are paying a 10c/kg bonus on QA lambs, while Kildare are offering 5c/kg extra for U grades and a further 5c/kg for QA stock.
The 6c/kg top-up from Kepak Athleague is paid on QA lambs whereas the bonus on offer from Dawn is for lambs grading U. Moyvalley are quoting an all-in figure of 450c/kg. Commenting on the trade, the IFA's John Lynskey said that demand remains strong with large numbers of lambs moved at this stage.
Hardened sellers had negotiated prices of up to 465c/kg, he added.