Scarcity of supply sparks 10c/kg rise
Three wins (including a first for Connacht), a bonus-point loss, two home quarter-finals and a home semi-final were achieved on the rugby fields over the weekend.
For sheep farmers, this result was bettered by three wins and four draws on the sheep factory front. Scarcity of supply is the main driving force behind the improving prices.
Three of the factories have increased their quotes by a sizeable margin -- 10c/kg -- since this day last week. Kepak Athleague, claimed the number one spot with its base of 520c/kg plus the 6c/kg bonus for U-grade lambs.
ICM Camolin and ICM Navan also improved their quotes by 10c/kg, putting them on a base price of 510c/kg plus the bonus.
However, they are still trailing Moyvalley Meats and Kildare Chilling. Moyvalley remains on an all-in quote of 520c/kg, while Kildare is on a 510c/kg base plus its two bonuses of 6c/kg and 5c/kg.
Kepak Hacketstown and Dawn Ballyhaunis are offering an unchanged 510c/kg plus the bonus.
Almost all of my factory sources talked about sluggish markets making it difficult to move product but, at the same time, they admitted that supplies remained extremely tight.
IFA sheep chairman James Murphy said lamb prices had moved on, with strong competition between the wholesalers and the processors resulting in farmers securing 535-540c/kg.