Friday 31 October 2014

Quotes fall 10-20c/kg as factories use imports to push down sheep prices

Published 07/11/2012 | 06:00

Lamb quotes have taken another big hit, with most plants slashing a further 10-20c/kg off since last Tuesday.

Moyvalley is alone in maintaining its all-in quote of 440c/kg and is leading the way for the early part of this week.

At the other end of the scale, Kildare Chilling has hacked 20c/kg off its quote from a fortnight ago, moving it from its normal perch at the top right down to the bottom.

Today it is on 420c/kg plus the two 5c/kg bonuses.

Kepak Hacketstown's quote of 435c/kg plus the bonus was being offered for yesterday only.

The rest of the factories are quoting a base of 430c/kg plus the bonus.

Compared to the same week last year, quotes are 30-45c/kg lower this week, equating to a loss of up to €10/lamb.

anger

IFA sheep chairman James Murphy said farmers were resisting the negative price pressure.

He said that despite the low quotes, some farmers had secured 440-450c/kg in recent days.

Mr Murphy added that there was a lot of anger towards the factories for using imports to push down prices against loyal and local suppliers.

Quotes for cull ewes are 180-200c/kg. The ICM plants and Kildare Chilling are offering the higher figure, Kepak Hacketstown and Dawn remain on 190c/kg and Kepak Athleague are quoting 180c/kg, an increase of 5c/kg.

Bord Bia reported an easing of the sheep trade in the past week, in response to an increase in domestic supplies and a slowdown in demand on our main export markets.

To date, sheep supplies are running 10pc higher compared to last year's levels.

Trade across the UK eased, despite some favourable exchange rate movement as lower demand levels on the French market were evident.

By the weekend, new season lambs at live markets across Great Britain were making the equivalent of around €4.31/kg including VAT.

In France, trade was hampered by falling demand after the Eid al Adha Muslim festival. Irish prices by the end of the week were up to €4.53/kg including VAT.

Meanwhile, sheep numbers fell somewhat at marts in the past week, although the trade was stronger than previous weeks.

A few marts reporting price rises of €1-2/hd for the lambs.

MARTS

Most finished lambs sold for €40-50 over their weight, with some top quality lots making €50-53 over. Forward store lambs sold for €60-80 while lighter types made €40-55.

Ewe lambs hit €115. Ewe hoggets made up to €145. Fat cull ewes made €75-96.

Good lambs of 47-53kg sold for €45-53 with their weight at Fermoy Mart yesterday. Lighter types sold for €30-40 over.

At Athenry, heavier lambs sold for €41-51 with the €/kg. Lambs under 45kg sold for €32-42 over. Sheep numbers were back at Dowra Mart on Friday but trade was still difficult, with light store lambs proving hard sold.

The best store lambs made €60-78 and lighter lambs made €30-60 each. Ewe lambs for breeding sold for €80-105 while smaller numbers of ewe hoggets sold for €80-125 each.

Heavy cull ewes made €60-85, while ewes for feeding made €25-50 each.

Lamb prices lifted by €1-2 at Baltinglass. Lambs of 45-50kg lambs sold for up to €100, while strong ewe lambs hit a high of €114.

Store lambs sold for €48-75, with light ewe lambs making up to €90.

Cull ewes sold for €40-75 while a few of them with good udders made up to €95. Younger breeding ewes and ewe hoggets sold for €80-130.

Carnew had a smaller sale than recent weeks, with 2,500 sheep on offer but trade improved by €2/hd.

Butcher and factory lambs sold for €85-101. Stores made €55-82 each.

Ewe lambs made €75-115. Cull ewes sold for €35-96. Breeding ewes sold for €80-140 and rams made €100-350.

Topped

At Mountbellew, fleshed lambs sold for €38-48 over the €/kg and stores made €56-73/hd. Breeding hoggets and ewes topped out at €130 and €118 respectively.

Butcher lambs at Enniscorthy sold from €45-52 with their weight, while factory types made €45-50 over.

Stores sold for €65-85/hd. Ewe lambs made €81-110 each. Limited supplies of ewe hoggets sold for €130-145.

Heavy cull ewes made €70-90. Feeders sold for €30-60.

Indo Farming

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