Bargain to force plants to increase their quotes
The sheep trade was a mixed bag yesterday morning, with some factories increasing their lamb quotes, while others reduced theirs. The trade for hoggets was also mixed, with both increases and decreases in quotes.
Taking the hoggets first, the two Kepak plants have increased their quotes by 10c/kg to take the top spot today at 570c/kg plus the bonus. The ICM plants, on the other hand, are down 10c/kg to a base of 560/kg plus 6c/kg, while Dawn Ballyhaunis is also quoting 560c/kg plus 6c/kg.
If you are selling, just keep in mind that those figures are just quotes and much more has and is being paid.
In any case, supplies have tightened up and good hoggets are becoming as scarce as Dublin scores in the last 20 minutes of Sunday's league final.
Both Kepak plants are also up 10c/kg for spring lambs, bringing them to a base of 640c/kg plus the bonus. This brings them in line with Dawn Ballyhaunis and the ICM plants, where last week's quote of 640c/kg remains on offer. Moyvalley has dropped its quote by 10c/kg to an all-in 640c/kg.
Like the hoggets, there is no danger of an over-supply of lambs to flood the market and a strong trade in the build-up to Easter will have removed any stock that were fit or even close to suitable for slaughter.
Farmers need to trust the trade at the moment and refuse to buy into some of the stories doing the rounds about a decline in prices now Easter has past.