Lambs and ewes rise by 5-10c/kg
Good news on the sheep front with quotes and prices up for both the lambs and the cull ewes. Most of the plants are up by between 5c/kg and 10c/kg.
Despite no increase from Kildare Chilling their extra 5c/kg for quality assured lambs on top of the base of 480c/kg plus the 5c/kg for U grades keeps them in pole position.
Shadowing them all the way are the ICMs and Dawn Ballyhaunis. A 10c/kg increase in the ICM plants brings them up to a base of 480c/kg plus the bonus and they are paying to 21kg. Dawn's quote is for quality assured lambs to 20.5kg.
Kepak Athleague are up 4c/kg to 474c/kg plus 6c/kg, while Hacketstown's 475c/kg plus the bonus was for yesterday only. Moyvalley also shows an improvement of 5c/kg leaving them on an all-in quote of 480c/kg.
Factories are anxious for stock at the moment with Ramadan starting next Friday. Farmers need to bargain hard on price and carcase weight as there are significant variations on both between processors. Every half kg is worth between €2.45-2.50/lamb. A farmer selling at €5/lamb to 22kg is getting €11.60 more per lamb than his counterpart accepting €4.80 to 20.5/kg.
IFA sheep chairman James Murphy said that the lamb trade had improved with deals being done for €5 on weights of 21-22kg. He said the poor weather conditions were keeping supplies extremely tight. Cull ewe quotes also improved by 5-10c/kg. This leaves all of the plants offering 230c/kg apart from Moyvalley. They are not quoting for the culls.
According to Bord Bia, a drop in lamb supplies from the United Kingdom has helped drive returns here at home. Over the coming weeks, trade is likely to improve further as Ramadan approaches.
Quotes for lambs by the end of the weekend were close to €4.90/kg. Demand for cull ewes remained firm, with quotes typically from €2.20-2.30/kg.