Farm Ireland
Independent.ie

Monday 24 July 2017

Spring lamb quotes jump 10c/kg as early supplies back 15pc on last year

Spring lambs on grass. Photo O'Gorman Photography.
Spring lambs on grass. Photo O'Gorman Photography.
Ciaran Moran

Ciaran Moran

Spring lamb prices are being quoted at as high as €6.10/kg this week as increasing numbers of spring lambs continue come on stream.

Bord Bia has said the lamb trade has seen some improvement in recent days due to steady demand and some reduction in availability of hoggets.

Last week base quotes for hoggets are making between €4.90/kg and €5.00/kg with selected lots gaining higher returns while prices for Spring lamb were generating between €5.90/kg and €6.00/kg.

Looking at culled ewes, prices are currently around €2.50kg.

According to Bord Bia, overall throughputs at export meat plants for the week ending May 6 stood at over 46,000 head which was up almost 6,000 head on the corresponding week in 2016.

Cumulative figures for the year to date have reached 886,000 head, up 13pc or 99,000 head compared to the same period in 2016.

Year to date supplies of hoggets are up 16pc while cull ewes and rams are up 12pc and spring lambs so far are back 15pc compared to the corresponding period last year, Bord Bia says.

Markets


In Britain, the trade was reported as relatively strong on the back of higher demand and a decrease in year to date cumulative supplies compared to 2016 levels.

The SQQ live price for lamb in England and Wales was making the equivalent of around €5.43/kg DW towards the end of the week.

In France, Bord Bia says a steady trade was reported with some fluctuation in the trade expected before Ramadan.

Looking at supplies, availability of domestic Lacaune lamb is expected to rise in the coming weeks.

Retail promotions are ongoing and were focused mainly on chops.

Grade 1 Irish spring lamb prices were making €6.09/kg dw (incl VAT) with hoggets making around €5.57/kg during the week.


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