Lamb prices back as factories gear up for big kill
This week will see one of the biggest kills of the year as factories push more numbers though the system in anticipation of the Muslim festival of Eid.
While official quotes Monday morning were back for lamb by 10-20c/kg, both the IFA and ICSA quoted me €5.00/kg as being the price on the ground.
"Factories were buying strongly over the weekend and paying €5.00/kg," said IFA's John Lynskey, while the ICSA's John Brooks described the lamb trade as "steady at €5.00/kg".
The factories on the other hand maintained that there "are a lot of sheep around", while also stating "that the market has become very difficult because of big UK numbers and the falling value of sterling" and they are cutting their price cloth to suit their measure.
The reality was yesterday morning official quotes were back by 15-20c/kg, while Dawn Ballyhaunis were not available to quote.
On the price table Kildare Chilling continue as the top payer despite shedding 10c/kg from last week on a price yesterday morning of €4.90/kg +10c/kg bonus. Next up are Moyvalley Meats on a straight €4.90/kg which is 10c/kg less than last week's €5.00/kg. Kepak Athleague slip from last week's second best payer into third position this week as they reduce their quote by 15c/kg to €4.85/kg+ quality bonus of 5c/kg.
The two ICM plants seem to have made fourth place their own in recent times and by dropping their quote 20c/kg to €4.70+10c/kg quality bonus they hold on to that position again this week.
Available quotes for ewes yesterday saw their price also being squeezed by between 5-20c/kg as Kepak fall back 5c/kg from last week to €2.60+quality bonus payment of 5c/kg, while the two ICM plants wiped 20c/kg off their quote from last week and yesterday were on €2.50/kg.