Ringside: Little to separate the factories on quotes as prices rise 15-20c/kg
George Hook thinks that Ireland's game against the Welsh could be like Waterloo all those centuries ago - "a damned close run thing". He could also have been talking about the sheep quotes from the factories today as they are all so close, there is nothing left to separate them as far as base quotes are concerned.
The good news is that they are all up by between 15-20c/kg from last week. Kepak Athlegue are showing a 20c/kg improvement and this pushes them onto a base of 540c/kg plus the 6c/kg quality assurance bonus.
Both of the ICM plants and Kildare Chilling have risen their offer by 15c/kg to also move up to 540c/kg base. These three are also paying a 10c/kg QA top-up on suitable stock.
Moyvalley are quoting an all-in figure of 540c/kg while Dawn were not quoting when contacted. Farmers selling mostly scoffing at the quotes however and refusing to sell at any less than 560-565c/kg with more being secured in places.
Commenting on the trade, the IFA's John Lynskey said the lamb market has strengthened over the last week with factory quotes rising and prices of up to €5.70/kg paid to get stock. He added that the UK market continues to rise, driven by strong demand and the strength of sterling. He said EBLEX reports the latest British price at stg£4.26/kg, which is equivalent to €6.14/kg incl vat.
Kildare lead the way on the quotes for the cull ewes. A 5c/kg rise leaves them offering a base of 525c/kg plus their QA bonus of 10c/kg.
The ICMs are unchanged at 320c/kg while Kepak are also stationary at 310c/kg. Sellers, and especially those with numbers are bargaining successfully for prices of 350c/kg. With lambing in full swing on many farms, it is important to get the culls moved on out of the way and there is no excuse for not doing so with the trade being so strong even for the store cull ewes at the marts.