Lambs increase Â¤5-8/hd as Islamic festival nears
Published 25/10/2011 | 05:00
Lamb prices have increased by €5-8/hd at marts in the past fortnight as the Eid-al-Adha Islamic festival approaches.
Increased demand from factories for finished lambs and from farmers for store lambs has boosted the mart trade, while plentiful grass and the issuing of the single farm payment are also driving factors.
Wether prices improved by up to €7/hd at Tullow Mart this week, while factory lambs increased by up to €12/hd.
The same trend was noted at Drumshanbo Mart, where store lamb prices and cull ewe prices rose by €5/hd.
Prices for all sheep classes improved by €4-5/hd at Roscommon Mart, while Loughrea Mart reported lamb price increases of €5-8/hd this week.
Tullamore Mart reported an increase of €5/hd for store lambs and €10-12/hd for breeding ewe lambs.
A buoyant live export trade is putting a floor in the market, with Westmeath-based livestock exporters TLT International exporting sheep in their thousands in advance of the Eid-al-Adha festival.
TLT's Paulo Garavelli said he had been buying sheep strongly for the past six weeks and would continue to do so for another six weeks.