Lamb trade remains on an upward curve
The lamb trade this week continues on an upward curve with prices on the ground yesterday morning in the €4.80/kg region with €4.85/kg on offer in some places.
Factory buyers on the other hand while not exactly pleading poverty were pitching their prices from €4.50-4.70/kg with various bonuses of 5-10c/kg thrown in.
One factory buyer remarked to me that “if there’s a fortune in it why don’t ye farmers buy a factory?"; another maintained the factores were surviving on “a wing and a prayer”, and a third man bemoaned the weight and quality of lamb being presented.
John Brooks of the ICSA summed the situation up well when he told me at the weekend that “with sterling calm at .85p to the euro” he saw the trade continuing on a gradual upward trajectory.
Going through the official quotes, Kepak Athleague who were last week’s run away leaders at €4.65 plus their 5c/kg bonus continue on that price but have been joined at the top by both Kildare Chilling and Moy Valley whose all-in quote for lamb is €4.70/kg.
This then leaves both ICM plants, which have upped their quotes by 5c/kg to €4.55/kg plus bonuses, in fourth place. Dawn Ballyhaunis, who also upped their quote by 5c/kg fall into fifth in this week’s table on a straight €4.55/kg.
On the ewes, some factories are keener than others for supplies, but this has yet to translate itself into a better price.
Kildare Chilling remain the leader in the field, as they were last week on their unchanged price of €2.30/kg plus 10c/kg bonus; second are Kepak Athleague also unchanged on €2.30 plus 5c/kg and the two ICM plants are quoting just €2.30/kg.