Lamb trade: Factories putting the squeeze on lamb quotes
THE factories have started to squeeze prices with the news yesterday that they were either pulling their quotes for spring lamb by 30c-40c/kg or were not in a position to quote.
Kepak Athleague is 35c/kg back on last week’s price at €5.75/kg+10c/kg bonus with their agent telling me that price was for “today only.”
Dawn Ballyhaunis come in 30c/kg less at €5.70/kg for spring lamb while at the bottom of the pile yesterday are the two ICM plants who are quoting 40c/kg off their price for springs from last week. Kildare Chilling would not quote.
The story on hoggets is of a 15-20c/kg price pull with prices dropping from a top last week of €5.15+bonus at Kepak to their €5.00+bonus this week.
Dawn Ballyhaunis and the two ICM plants drop in unison from last week’s €5.00/kg to €4.80/kg this week, with the ICM plants offering a 10c bonus.
Kildare Chilling are 10c/kg above the Ballyhaunis and ICM prices at €4.90+bonuses, but they too are 20c/kg back on their price of €5.10/kg+ bonus from last week.
The story on cull ewes is that Kildare Chilling remain top of the pile with an unchanged quote from last week of €2.60+10c/kg bonus.
However they have in effect been joined at the top of the leader board by Kepak Athleague who lift their quote from last week by 10c/kg this week to match Kildare’s €2.60.