Farm Ireland

Monday 19 March 2018

Difference in quotes closing as prices rise

Joe Healy

THE DIFFERENCE between the various plants on quotes has closed to 5c/kg as opposed to the 10c/kg that was evident last Tuesday.

The good news is that this is as a result of the lower ones increasing rather than the top plants dropping. It remains similar to Kilkenny and Tipp in the All-Ireland hurling, as for the second week in a row Kildare Chilling and Moyvalley have top spot to themselves. Kildare is shading it by virtue of their extra 5c/kg for quality assured lambs on top of the base quote of 450c/kg plus the 6c/kg bonus for the U grades.

Moyvalley remains on an all-in 455c/kg. Thereafter, the rest of the processors have upped their base quotes by the aforementioned 5c/kg to leave them all at 445c/kg plus the bonus. Farmers need to be careful with carcase weights. It is common enough to hear men selling into the same factory with a kilo of a difference in the weights they are getting paid on. This kilo is worth at least €4.50/lamb.

As demand continues to outstrip supply, IFA's James Murphy encouraged farmers to market their stock sensibly and to only move lambs when they were properly fleshed and suitable for slaughter. He added that plants are paying up to 470c/kg and more to 22kg in order to secure adequate numbers.

Increased quotes

The factory type lamb at Athenry Mart yesterday was making €42-50 over the weight.

The two ICMs have increased their quotes for cull ewes by 10c/kg to join Kildare and Kepak Hacketstown at 250c/kg. Kepak Athleague remains on 240c/kg with the other western plant, Dawn Ballyhaunis quoting an unchanged 220c/kg. Moyvalley is not quoting for the culls today.

Bord Bia reported that the start of Ramadan last week in France resulted in a lift in the lamb trade here. Base quotes for lambs were higher at 445-450c/kg with prices in excess of this were widely available. Quotes for cull ewes were in the range of 230-250c/kg.

Also Read

In the UK, tighter supplies led to a stronger live market trade with exchange rate movements remaining largely unchanged. The average new season SQQ price in England and Wales stood at the equivalent of 470c/kg including VAT.

In France, increased demand due to Ramadan has pushed quotes for Grade 1 Irish spring lamb delivered to Paris to 465-470c/kg including VAT.

Irish Independent