Lamb factory quotes down

Sheep prices have taken another hit this week with factory quotes for lambs down by another 10c/kg, dropping below the benchmark €5/kg for the first time since the start of the year.

This equates to another €2 cut per lamb, and comes on top of the €12 cut that lamb prices took last week.

While prices have held fairly steady in the marts, they are up to €30/hd back on the same period last year, despite the levels of supply only increasing by 5-6pc.

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