Factory lamb prices hit €4.85/kg as numbers dip
Factory prices in the sheep sector appear to have reached a plateau. Last week saw €4.80/kg as the line in the sand for lamb.
However towards the end of the week reports were emerging of €4.85/kg being paid as numbers dipped. And numbers are where it’s at.
As of yesterday morning that price of €4.85 was not quite fully set as factory bosses waited to see exactly how supply numbers were looking for the week ahead.
While those with lamb to sell spoke of €4.85/kg for the week ahead, those writing the cheque, appear stuck on a tops of €4.80/kg. This then translates into official quotes for lamb that are identical to last week.
With Dawn Ballyhanuais not quoting, the league table for lamb prices continues to see a three way tie at the top with Kepak Athleague, Kildare Chilling and Moyvalley locked together as price leaders all on an all in official quoted price including bonuses of €4.70/kg.
They are followed as they were last week by the two ICM plants who also remain unchanged at €4.55 plus their.10c/kg bonus bringing their price to €4.65/kg.
On the international front the stability of sterling and its strengthening against the euro is helping underpin the current price situation. In relation to the previous effects of Brexit on sterling, one factory boss made a very telling point of how his plant got through the volatility created by movements in the value of sterling.
Kildare Chilling appear to have upped the ante in their relationship with their suppliers in relation to their clean sheep policy and they issued a statement yesterday saying that “sheep supplied to the factory must arrive in a clean condition.