€5/kg is the new base for hoggets
All bar one of the sheep processors are on a base of €5/kg this week, with Dawn Ballyhaunis being the bolter on an all-in quote of 504c/kg for quality assured (QA) stock.
Taking a glance at the table you will see that Kildare Chilling, by virtue of their extra QA bonus on top of the normal U grade bonus, had them shading it by a head on a base of 500c/kg plus 5c/kg for QA stock and 5c/kg for the Us. This left them on 510c/kg for suitable lambs. The ICMs and the Kepak plants are offering 500c/kg plus the U bonus, while Moyvalley are on an all-in 500c/kg.
This is the seventh straight week of improvements to the quotes, with those figures mentioned representing a rise of between 20-30c/kg on last week. Better still, the quotes are only a guide as most sellers are negotiating prices well in excess of the €5/kg, with anything from 525c/kg to 550c/kg being paid as factories remain extremely anxious to source stock.
The first few new season lambs that I have heard about being killed were in Kepak Athleague, with €6/kg mentioned as a quote and a desire for lambs to kill out between 16kg and19kg.
Commenting on the trade, IFA sheep committee chairman, James Murphy, said that lamb prices continue to rise significantly with wholesalers and factories paying up to 550c/kg for stock. He added that the domestic market is very strong with wholesalers driving the trade forward. The ICM plants lead the way on the quotes for the cull ewes. A jump of 10c/kg moves them up to 250c/kg. Kepak Hacketstown and Dawn Ballyhaunis are on 245c/kg, while Athleague and Kildare Chilling are quoting 240c/kg. Moyvalley are not quoting.
The trade on the far side of the Duck Pond was also improved significantly.
IN THE MARTS
Good demand and improved prices was the general feedback from the sheep marts over the past week. Lamb prices were up by anything from €5 to €12/hd. The heavy butcher-type lamb was making €60-70 over the €1/kg, while the factory lamb sold for €50-60 over.