10c/kg lift brings base to 450c/kg but market is still lack lustre
Sheep farmers would settle for a lot less than the type of top-up available at the Central Remedial Clinic. At the same time, they expect more than the movement, albeit positive, that took place over the past week.
Lambs being slaughtered at the moment have been around for most of the year and have cost quite a bit to carry through to December. As I said, there is a bit of a price lift but to soft sellers it is minimal.
On the other hand, the hard sellers are doing alright when they bargain on price and weight. Almost all the plants are showing a rise of 10c/kg. This leaves them on a base of 450c/kg plus the bonus.
Kepak Athleague have increased by 5c/kg but this also leaves them on the 450c/kg base as they were leading the way last week at 445c/kg. For the 12th week out of the last 13, Moyvalley are offering an all-in quote of 450c/kg.
This, in a way, sums up the lack of movement to the factory trade in the past three months. They're anxious for stock and make no secret of the fact that numbers have significantly tightened in recent days.
Farmers are easily securing carcass weights of 22.5kg minimum, with many negotiating prices of 470-475c/kg.
Sellers need to ensure their lambs are suitably finished to maximise value. It is difficult enough to turn a profit but selling lambs that are not fit is guaranteed to result in losses.
Trade for the cull ewes shows very little change, with the ICMs and Kildare Chilling continuing to quote 200c/kg, while both Kepaks and Dawn Ballyhaunis are offering 190c/kg. Prices of 220-230c/kg are commonplace.