Spring comes early as lamb prices surge 50c/kg
SHEEP prices at the factory gate picked up considerable speed over the past week.
This time last week the best factory prices for hoggets were in the range of €5.70-5.80/kg. Yesterday, both the IFA and ICSA were reporting that their members had little difficulty securing bases of €6.15-6.20/kg for hogget.
If this was the Cheltenham Gold Cup the commentator would be starting to get excited at the prospects.
And why shouldn't sellers get excited - a 50c/kg rise in a week is nothing to be sneezed at. While the official quotes always lag behind the actual prices paid, they too have moved up several gears. That improvement in official hogget quotes for hogget is in the 40-45c/kg range.
Tied at the top of the table yesterday morning were Kepak Athleague and Kildare Chilling both of who quoted €5.90/kg up 45c/kg and 40c/kg respectively on last week. Kildare just edge top spot with their 10c/kg bonuses the difference, when compared to Kepak's 5c/kg.
Next up come the two ICM plants and Dawn Ballyhaunis, all of whom yesterday tacked 40c/kg onto their official quotes bringing them to €5.80 plus bonuses.
Moyvalley Meats were the first out of the blocks yesterday morning when quoting €7.00/kg for spring lamb; they were followed in quick order by Dawn Ballyhaunis with their quote for quality assured lamb of €6.70/kg.
On the cull ewe front, prices remain steady. All factories with an interest in this side of the game quoting either €2.90 or €3.00/kg.