Lamb quotes fall as demand is sluggish
Floods, two All-Ireland final defeats, Connacht pipped by a try scored seven minutes into injury time and lamb quotes back by 10-15c/kg. Not a great week for Galway folk. It appears that all we have left to cling to is Michael D for president.
It is often said that all politicians are the same and that it doesn't matter which of them wins the election but, as far as the quotes are concerned for today, all of the factories are very definitely the same and the farmer is certainly not winning.
A base quote of 420c/kg is being offered by the two Kepaks, Dawn Ballyhaunis, Kildare Chilling and both ICM plants. All are paying a bonus for the U grades with Kildare also offering an extra 5c/kg for quality assured lambs.
Moyvalley are quoting an all-in 425c/kg. Compared with four weeks ago, those quotes have dropped by close to 30c/kg or €6.60 on a 22kg carcass. Factory sources say that demand at the moment is sluggish, with supplies more than adequate.
IFA sheep chairman James Murphy said there is strong farmer resistance to the factory price pressure with a standoff from suppliers who consider that their stock are worth 440-450c/kg.
Some farmers have got 440c/kg this week. If you are selling, remember to maximise carcass weight as well as price. An extra half kilo is worth €2.10-2.20 or 10c/kg.
Quotes for the cull ewes remain steady. Kildare and Kepak Hacketstown are tops on 250c/kg. The ICMs and Kepak Athleague are quoting 240c/kg. Dawn Ballyhaunis are offering an unchanged 220c/kg, while Moyvalley are not quoting at all.
To date, sheep supplies are back by almost 231,200 or almost 15pc on last year's levels. According to the latest figures from Bord Bia, the kill to date is 1.38m head.