Lamb trade: Prices and demand still ‘solid as rock’
PRICES continue to be “as solid as a rock” to quote ICSA’S John Brooks.
Indeed they are, with reports that spring lamb prices are up to €6.25/kg, with hoggets in the €5.20-5.25/kg bracket.
As such, IFA’s John Lynskey was prepared to push prices for lamb out to €6.30/kg on the back of both strong mart and factory demand. Prices for cull ewes remain set between €2.60-2.70/kg.
Last year at this time lamb was making a top of €5.70/kg, while in 2015 the start of June saw a price of €5.40/kg with the price of spring lamb for the first week of June in 2014 set at €5.80/kg. So there can be no doubt that sheep farmers are in a better place than they have been in some time.
The credit for some of this has to go to farmers themselves for managing supplies, as well as the farm organisations, IFA and ICSA, who have kept pressure on the processing sector in relation to prices and weights. The ICSA in particular have been very proactive in making the industry aware it was watching issues around imports and labelling very closely.
The factories too deserve credit for keeping the product out in ever-increasing volumes with their marketing and sales people obviously a match for any in Britain or Europe at present.
While the figures above paint a good picture of where we are, as opposed to where have been in the past, this week sees no further advancement in price, with all plants holding firm at last week’s levels.
Kildare Chilling continue their dominance of the number one position in the price table for spring lamb trade at €6.10+10c/kg bonus.