Lamb Prices: Ramadan festival inspires revival in spring lamb prices
IT appears that the recent downturn in factory sheep prices has been reversed with factories anxious for spring lambs.
As Ramadan approaches the situation now appears to be that hogget prices are running from €5.10-5.15/kg, with spring lamb on €6.10-6.20/kg. That’s a 10-20c/kg turn around.
John Brooks of ICSA concurs, “Prices are up 10-20c/kg across the board. There is pressure on numbers at present with even the UK expected to get tight.”
His analysis is backed up by Bord Bia which reports that “reduced supplies” coming on stream in Britain.
John Lynskey of IFA was of a similar mind. “Factories are anxious for spring lambs this week with a lot of customers having made the change over at prices of €6.00/kg to 20.5/21kg,” he said.
While both farm leaders are keen to talk up the trade the men with the factory cheque books were yesterday not that inclined to open them officially any further than they had last week.
Indeed the price of cull ewes has eased back by 20c/kg at Dawn Ballyhaunis and Kepak Athleague to €2.50/kg although Kepak do offer an additional 5c/kg quality bonus. Kildare Chilling are back 10c/kg at €2.60+10 on last week’s price, as supplies of culls remains strong.
Moving to the main event, the price of hoggets and spring lamb, sheep plants this week remain rooted and unmoved quoting no more but equally not quoting any less than last week.