Farm Ireland
Independent.ie

Tuesday 26 September 2017

Little difference in quotes as prices are held

Joe Healy

There is more of a difference between the various plants than there was last Sunday between all the teams taking part in the Leinster and Munster football championships. While extra time was required to separate the men in Croke Park and Pairc Ui Chaoimh, there are no such requirements as far as the lamb quotes are concerned, with four different quotes from the six plants that are quoting.

Kildare Chilling is top with their base quote remaining at 500c/kg plus the 6c/kg bonus. Moyvalley's all-in quote of 500c/kg is similar to the 495c/kg plus the 5c/kg bonus on offer from Kepak Hacketstown, but the Carlow plant's quote was for yesterday only. Thereafter, the two ICMs and Kepak Athleague are on the same base of 490c/kg plus the bonus. Dawn Ballyhaunis was not quoting when contacted. Apart from this, there is really no change from last week for all of the rest, which I suppose is good news given that June is normally fraught with as much danger to lamb quotes as a tour to the southern hemisphere is to our rugby players.

The IFA's James Murphy said that with supplies continuing to be extremely tight, farmers were holding out for, and getting up to, 520c/kg for lambs this week.

Farmers need to watch out for the carcass weights they are getting paid on as there are differences of 0.5-1kg from one plant to another plant. If you are losing a kilogramme, you are losing more than €5 straight away.

Quotes for cull ewes have improved slightly, with Kildare and the ICMs increasing by 10c/kg. The Lilywhites are on a top quote of 260c/kg, while the two ICM plants are on 240c/kg, as are Kepak Athleague. Kepak Hacketstown are sandwiched in between at 250c/kg. Moyvalley and Dawn Ballyhaunis are offering a low 220c/kg, but reports suggest that at least one of them is willing to pay well above this figure.

Eased

An Bord Bia reported that the live market trade in Britain eased as the week progressed and as supplies gradually increased. The average new season SQQ price in England and Wales finished the week at the equivalent of 501c/kg including VAT.

In France, the lamb trade was largely unchanged as demand and supply levels remained evenly matched. Awareness of lamb consumption in France was also helped by the Agneau Presto campaign last week.

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Grade 1 Irish spring lamb delivered to Paris generally made 526-541c/kg including VAT for much of the week.

Meanwhile, the results of the recent EU sheepmeat forecast working group meeting showed that most countries anticipate higher lamb prices this year as the breeding flock continues to decline among key producers. Lower consumption was also reported across a number of markets.

During this year, French lamb consumption is expected to be largely maintained at almost 232,000t. This, coupled with net production falling by 2pc to 106,400t, should lead to sheep meat imports increasing by almost 1pc to 135,100t.

Virtually every other country present at the meeting expected a modest decline in consumption, with German consumption expected to fall by 6pc to 69,700t.

In the UK, net production is expected to fall by 6pc this year to 285,000t. Consequently, the UK expects imports to rise by 4pc to 120,000t, with exports falling by 4pc to 90,000t.

The volatility of the New Zealand dollar and the sterling exchange rate were highlighted, with both currencies strengthening against the euro over the past few months, which has made making their exports somewhat less competitive.

Irish Independent



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