More bite to trade allows farmers to do better deals
The factory quotes for lambs are like the points required for different third-level courses, in that some are up, some down and others remain the same.
Kepak Hacketstown are up by 5c/kg from this day last week to leave them with a share of the lead, alongside their sister plant in Athleague, on a base of 460c/kg plus 5c/kg.
In contrast, Moyvalley are down 5c/kg, which brings them to an all-in quote of 465c/kg.
Thereafter, it's a case of as you were, with the two ICM plants, Dawn Ballyhaunis and Kildare Chilling all on 450c/kg plus the bonus. Kildare's quote is up, with the top three by virtue of their extra 5c/kg for the quality-assured lambs.
While the quotes do not show much if any improvement taken in an overall context, there seemed to be more bite to the trade yesterday than there was last week as reports also pointed to farmers finding it easier to negotiate deals and prices well above the quoted figures.
Farmers in the east and southeast secured prices of 470-480c/kg for their lambs up to 22kg, thereby returning a gross price of €103-105/hd.
Before anyone gets carried away, it is important to realise that with costs of production being what they are, having to take anything below €100/hd has to be questioned in an overall economic sense.
At the moment, the only farmers taking below €100 are the sellers that do not bargain and are happy to accept whatever the quotes or offers.