Factories may be more willing to move on weights than prices
Trying to gauge the lamb trade on a bank holiday Monday morning is like trying to predict whose names will be on our presidential ballot papers -- difficult. However, it helps that quotes and prices have remained pretty steady throughout the past month, after the freefall during June.
Looking at the table, you will see that quotes from two of the plants are down, one has moved upwards and the rest remain similar to last week.
Kepak Hacketstown has moved up 5c/kg to a base quote of 475c/kg plus the bonus to leave it at the top of the table. Kepak Athleague has dropped its quote by 5c/kg to 470c/kg plus the bonus, thereby joining the ICM plants and Dawn Ballyhaunis.
However the big crash was with Moyvalley Meats, where a 15c/kg (or up to €3.30/lamb) reduction sees it fall to an all-in quote of 470c/kg. The difference brings the plant from top of the pile last week to bottom of the pile this week.
The 5c/kg quality assurance bonus and the normal 6c/kg bonus keeps Kildare Chilling towards the top of the rankings when added to its 470c/kg base.
With the Ramadan festival starting yesterday, most factory sources were saying that they had killed large numbers last week and were expecting a similar story this week, even though it is a four-day week.
From talking to farmers recently, I have noticed a huge variation in carcass payment weights, with some farmers only getting paid to 21.5kg, while others are bargaining for up to 23kg.