Sheep quotes fall back by 10-20c/kg
Kilkenny sheep farmers disappointed at losing the Bob O'Keeffe Cup on Sunday will find no consolation in the lamb quotes today.
Quotes have dropped by 10-20c/kg, with most of the plants at the higher end of the reduction. Speaking to factory agents, I did, however, get the feeling that they expected the trade to settle a bit as the week progresses. Time will tell.
Dawn Ballyhaunis tops the table today, down 10c/kg to a base quote of 480c/kg plus the 6c/kg bonus. Kildare Chilling's quote of 480c/kg plus the double bonus was for yesterday only. Moyvalley is offering an all-in quote of 475c/kg, while the ICM plants and Kepak Hacketstown are all quoting 470c/kg plus 6c/kg.
Kepak Athleague is on 470c/kg. Commenting on the trade, IFA sheep chairman James Murphy said farmers were digging in on both price and weight.
Factories were paying up to 490c/kg and up to 21kg to secure stock, he maintained, adding that top prices of up to 500c/kg including bonuses were being paid.
Cull ewes show no change as the ICM plants, Dawn Ballyhaunis and Kildare Chilling remain on a quote of 230c/kg. Kepak Hacketstown are on 225c/kg while 220c/kg is the figure from Kepak Athleague.
Meanwhile, Bord Bia reported that the sheep trade eased over the past week, reflecting stronger domestic supplies, combined with demand on key export markets being sluggish.
Quotes for lambs started off the week at up to €5.10/kg, before finishing the week on around €4.90/kg. Demand for cull ewes remained firm, with quotes still at €2.20-2.30kg. To date, sheep supplies are running 5pc higher at 977,500 head, compared to last year's levels.