Ploughing set to boost sheep trade
In keeping with their footballing forwards, Dawn Ballyhaunis are drawing a blank and were not in a position to offer a quote when contacted yesterday morning. While Sunday's blanks in Croke Park were extremely disappointing, Dawn's lack of a quote may be more a case of 'no news is good news'.
In contrast, their neighbours Kepak Athleague have taken over the baton in the sprint downwards. They have knocked a further 10c/kg off the quote since this day last week and are now looking up at the rest with their base of 430c/kg plus the bonus. Word on the ground is that quite a lot of lambs from the west are travelling to plants in the east, a trend that is likely to continue on the basis of the above.
Kepak Hacketstown are back by 5c/kg to 435c/kg plus 5c/kg, but this was for yesterday only and they are not killing again until Thursday.
Elsewhere, the rest of the plants have retained the same quotes as last week. This means that the two ICM plants and Kildare Chilling are offering 440c/kg plus the bonus with Kildare offering the extra 5c/kg for quality assured lambs. Moyvalley continue to offer an unchanged all-in quote of 450c/kg.
Commenting on the trade, the IFA's James Murphy said that it should improve this week as supplies tighten due to a combination of the Ploughing Championships and the Muslim Festival Eid al-Adha. He added that farmers are insisting on a base of 450c/kg up to 22.5kg, with larger lots and quality assured lambs commanding more.
The cull ewe shows no change with Kildare and the ICM plants still offering 180c/kg. Both Kepak's are quoting 170c/kg.
Bord Bia said that the sheep trade had remained steady over the past week despite supplies running above 60,000 head and weakening demand in the main export markets. Trade though is being helped by solid demand on the home market coupled with the expectation that market demand across the key export markets is forecast to recover over the coming weeks.
Quotes for lamb remain steady and were generally making €4.40/kg, with more available for select lots. Prices paid for culled ewes have also settled down, with general quotes still making between €1.70-1.80/kg. To date this year, sheep supplies at meat export plants are around 11pc or around 172,200 head higher at 1.77m head.