5-20c/kg hike in factory quotes
The West is well and truly awake this week. In an effort to ensure Connacht's rugby players don't take all the plaudits after their historic win in Toulouse, Kepak Athleague has increased its base quote by 10c/kg to 460c/kg plus the bonus of 5c/kg. This leaves the plant on the top base quote of all plants offering a base quote and bonus.
Moyvalley's all-in quote of 470c/kg reflects an increase of 20c/kg over the past week or €4.40-4.60/lamb.
Elsewhere, other plants have moved upwards by 5c/kg. This keeps Kildare Chilling up towards the top with its quality assurance bonus, on top of the 5c/kg for U grades, putting it on 465c/kg for suitable stock. The ICM plants, Dawn Ballyhaunis and Kepak Hacketstown are all offering 455c/kg plus the bonus and the quote from Hacketstown was for yesterday only.
Beware, however, that actual prices are well ahead of the quotes and most lambs are commanding prices of between 470-480c/kg. Processors are anxious for stock and it is a sellers' market as the demand for the Christmas trade is strong.
IFA sheep chairman James Murphy said numbers had tightened and there was strong competition between the plants for stock. He said farmers had been paid €4.75-4.80/kg for lambs, with some top prices of €4.90 paid. There was no change to the quotes for cull ewes, the ICM plants, Kildare Chilling and Kepak Hacketstown all offering 200c/kg and 190c/kg being quoted in the two western plants. Again, as with the lambs, much more is being paid when sellers bargain hard.
Bord Bia described the sheep trade as stronger over the past week as good domestic demand and tighter supplies helped demand.
Trade is also being helped by some increase in demand across key export markets in the run up to the Christmas period.
Quotes for lamb increased further during the week to a base price of €4.50/kg, with reports suggesting €4.60/kg and more was more freely available as the week progressed.