Farm Ireland

Tuesday 24 April 2018

Moyvalley setting the benchmark as quotes hold firm

Joe Healy

Like Munster's second-half performance last Saturday evening in Thomond Park, there is no let up in the sheep trade and especially the hoggets. Quotes for last year's crop remain at the strong levels of last week as supplies are, in the words of one factory man, "very up and down".

Moyvalley doesn't need a last-minute penalty to claim the top plaudits as their all-in quote of 580c/kg keeps it in a clear lead from their nearest rival, Kildare Chilling, where a base of 564c/kg is topped up with the double bonuses of 6c/kg and 5c/kg. This leaves it at 575c/kg for qualifying stock. Thereafter, all of the other plants are unchanged at 550c/kg plus the bonus.

If you are selling, make sure you maximise the value as 590c/kg up to 24kg is being got for hoggets from more than one plant.

New-season lambs being slaughtered are reported as a mixed bag in terms of quality. Some oldish types are arriving into plants, but numbers of proper early lambs are beginning to increase slowly.

Quotes range from a low of €6 plus 6c/kg from Dawn Ballyhaunis up to the 620c/kg plus the bonus on offer in the two ICMs and Kepak Hacketstown. Moyvalley and Kepak Athleague are quoting an all-in figure of 620c/kg while Kildare Chilling is on 610+6+5c/kg.

Commenting on the trade, the IFA's James Murphy said that spring lamb is making 620-640c/kg up to carcass weights of 20.5-21kg. He added that lamb prices in the north have moved up to 650c/kg.

Kildare's 330c/kg keeps them on top for the cull ewes. Both ICM plants are offering 310c/kg as is Kepak Hacketstown. Athleague is quoting 300c/kg while, making it two out of three for all the wrong reasons, Dawn Ballyhaunis is also bottom for the old ewes with their 290c/kg reflecting a drop of 10c/kg.

The sheep trade remained very strong as tight supplies on the domestic and export markets continue to dictate trade, according to An Bord Bia.

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Quotes for hoggets increased by around 10-30c/kg to €5.50-5.70/kg last week, while quotes for the limited numbers of spring lamb available were still generally around €6/kg.

Elsewhere, stronger manufacturing demand helped the cull ewe trade, with quotes reported at more than €3/kg.

Meanwhile in the UK, the hogget trade remained steady due to ongoing tight supplies.

The live-market prices were making the equivalent of €5.47/kg deadweight, including VAT, by the weekend.

A slight increase in spring lamb numbers saw prices reach up to €6.55/kg by the end of the week.

In France, demand for lamb remained steady.

This, combined with tight supplies of Irish and UK product, helped improve prices of Irish grade one lamb delivered to Paris by around 10c/kg to €6.10/kg. Any Irish spring lamb appearing on the French market is being quoted at €6.40/kg.

Indo Farming