Farm Ireland

Friday 24 November 2017

Moyvalley sits top as lamb prices up 5-30c/kg

Joe Healy

If only golfer Rory McIlroy had the consistency of the sheep trade, we would be celebrating a great win at the US Masters.

While golf fans will have to wait at least another year for good news from Augusta, sheep farmers have seen hogget and lamb quotes and prices improve again over the past few days.

This week's lamb quotes are up by anything from 5-30c/kg, with the biggest jump occurring in Moyvalley, where the lift of 30c/kg brings them up to an all-in 650c/kg and leaves them clear at the top of the quotes.

Kildare Chilling are next, with their base price of 625c/kg plus the two bonuses of 6 + 5c/kg. The rest are also on this 625c/kg base plus the bonus of 5 or 6c/kg. Numbers are increasing but no great flush of them yet. Kildare are top of the pile for the hoggets with their 574c/kg plus 6c/kg plus 5c/kg, leaving them offering 585c/kg for qualifying stock, which is a 10c/kg increase on last week.

An all-in quote of 580c/kg is to be got from Moyvalley. A similar improvement in Kepak Athleague, Dawn Ballyhaunis and the two ICM plants leaves them at 560c/kg plus the bonus. Elsewhere, there are no changes with 550c/kg plus the bonus on offer from Kepak Hacketstown.

The IFA's James Murphy said tight supplies at the factories were forcing processors to pay from 590-600c/kg to secure hoggets, while new season lambs were making 630-650c/kg.

Kildare are also setting the pace for the cull ewes, with their 330c/kg quote, while Hacketstown and the ICM plants are offering 310c/kg. The western plants are quoting 300c/kg but Moyvalley are not quoting.

The sheep trade remained firm over the past week, according to Bord Bia, on the back of tight supplies on the domestic and export markets, combined with some build up in demand in advance of Easter. Quotes for hoggets were up to €5.70/kg, while quotes for the limited numbers of spring lambs available were around €6.20/kg.

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Elsewhere, with manufacturing demand showing little signs of easing, the cull ewe trade continued strong, with quotes remaining unchanged at €3/kg.

In Britain, the hogget trade strengthened further in response to tightening supplies. Live market prices were making the equivalent of €6.07/kg deadweight including VAT. Steady French demand for sheepmeat, combined with tight supplies of Irish and British product, meant the trade for Irish grade 1 hogget delivered to Paris was at €6.10/kg inclusive of VAT.

Indo Farming