Farm Ireland
Independent.ie

Monday 22 October 2018

Price cutting continues but brighter days on the horizon

Pictures and Prices from Roscommon Mart

9/Aug/2017 Roscommon Mart
Lot Number 36
Weight 44.66K
Quantity 12
Type Ewe Lambs
Price. €120
Photo Brian Farrell
9/Aug/2017 Roscommon Mart Lot Number 36 Weight 44.66K Quantity 12 Type Ewe Lambs Price. €120 Photo Brian Farrell
Martin Coughlan

Martin Coughlan

THE factory price cutting goes on in the sheep trade with Kildare Chilling and Moyvalley Meats both reducing their official quotes for lamb.

In the case of Kildare Chill­ing that’s down 10c/kg to €4.90+10c/kg quality assur­ance, while Moyvalley Meats falls 20c/kg to €4.70/kg.

Both ICM plants, Kepak Ath­league and Dawn Ballyhaunis leave their quotes for lamb unchanged from last week, at €4.80 plus bonus of 10c/kg in the case of the two ICMs, that’s €4.90 plus 5c/kg bonus for Kepak and a straight €4.80/kg for Dawn.

It’s been downhill all the way since the week of June 13, when official quotes ran from €5.80/kg plus bonuses to €6.00/kg plus bonuses. Leaving the 5-10c/kg bonuses out of it and sheep farmers are looking at a minimum price fall of between €1.00-1.20/kg in eight weeks or from €21.50-25.80/hd on a 21.5kg carcase.

9/Aug/2017 Roscommon Mart
Lot Number 54
Weight 49.65K
Quantity 15
Type Ewe Lambs
Price. €108
Photo Brian Farrell
9/Aug/2017 Roscommon Mart Lot Number 54 Weight 49.65K Quantity 15 Type Ewe Lambs Price. €108 Photo Brian Farrell

Despite the latest price pull John Brooks of ICSA is opti­mistic that we may be seeing the bottom of the current price cycle.

“I’m not saying prices will rise but I can see them staying around the €5.00/kg mark for a while as shipping and the overall Ramadan effect will hold things steady,” he said.

9/Aug/2017 Roscommon Mart
Lot Number 54
Weight 49.65K
Quantity 15
Type Ewe Lambs
Price. €108
Photo Brian Farrell
9/Aug/2017 Roscommon Mart Lot Number 54 Weight 49.65K Quantity 15 Type Ewe Lambs Price. €108 Photo Brian Farrell

To be fair prices last week did not dip below that €5.00/kg mark so we shall see how this plays out.

Ewe prices remain un­changed again this week with official quotes continuing to run from €2.65/kg plus 5c/kg bonus at Kepak, to €2.70/kg plus 10c/kg bonus in Kildare, with the two ICM plants both on €2.70/kg.

Also Read


Prices on the ground for cull ewes are reported to be running from €2.80-2.90/kg with some talk of €3.00 possible.

Some cull ewes might be held in retention as farmers maintain numbers to comply with the €10/hd ewe scheme.

Photo Brian Farrell
Photo Brian Farrell

For the present however, the word most commonly used by mart managers is that prices are holding “steady”. Although as Ivan Moffitt of Manorhamilton said: “It takes a really good lamb to cross the line at €100/hd”.

Looking at the broader pic­ture, the Department of Ag­riculture’s census taken last December showed there were 3.92 million sheep in the coun­try — up 4pc from 2015.

9/Aug/2017 Roscommon Mart
Lot Number 13
Weight 50.33K
Quantity 6
Type Ewe Lambs
Price. €105
Photo Brian Farrell
9/Aug/2017 Roscommon Mart Lot Number 13 Weight 50.33K Quantity 6 Type Ewe Lambs Price. €105 Photo Brian Farrell

Although overall flock size was only marginally up on 2015 at 108/hd. The stand out figure is that 3.92m which puts us within touching distance of the 2005 peak of four million.

Marts Roundup

1 MAAM CROSS

9/Aug/2017 Roscommon Mart
Lot Number 29
Weight 55.25K
Quantity 8
Type Ewe Lambs
Price. €111
Photo Brian Farrell
9/Aug/2017 Roscommon Mart Lot Number 29 Weight 55.25K Quantity 8 Type Ewe Lambs Price. €111 Photo Brian Farrell

STORE lambs were “broadly” making €2.00/kg said manager Eoin Burke. He considered those of average quality to be back about €5/hd. Mountain stores were reported as harder sold with prices dipping as low as €28/hd but with averages in the €30-35/hd range. Mountain ewes for breeding sold from €40-60/hd.

2 MANORHAMILTON

9/Aug/2017 Roscommon Mart
Lot Number 59
Weight 44.2K
Quantity 11
Type Ewe Lambs
Price. €103
Photo Brian Farrell
9/Aug/2017 Roscommon Mart Lot Number 59 Weight 44.2K Quantity 11 Type Ewe Lambs Price. €103 Photo Brian Farrell

RECENT factory price pulls have not helped the mart trade for lamb with Ivan Moffitt reckoning that €10/hd has been wiped off the price of factory lamb in the last three weeks. While he had 47-48kg lamb that made €110/hd he said “it takes a really good lamb now to cross the line at €100/hd”. Heavy butcher type sheep made up to €113/hd for 50kg.

3 DOWRA

TRADE was“steady” with factory lamb making from €90-108/hd. Well presented Suffolk ewes lambs went for €85-110/hd. Store wether and ram lambs sold from €70-85/hd with lighter mountain types making €45-70/hd. Heavy cull ewes made from €80-110/hd with store ewes selling at €40-70/hd. Hoggets hit a top of €170/hd off a €140/hd base with lighter pens making from €100-140/hd.

9/Aug/2017 Roscommon Mart
Lot Number 39
Weight 46.5K
Quantity 4
Type Ewe Lambs
Price. €106
Photo Brian Farrell
9/Aug/2017 Roscommon Mart Lot Number 39 Weight 46.5K Quantity 4 Type Ewe Lambs Price. €106 Photo Brian Farrell

4 BALLINASLOE

SPRING lamb prices averaged €85/hd with the top of the market seeing €124/hd stags averaged €73/hd to a top of €120/hd. Hogget prices averaged €108/hd with the top of the breeders fetching €162/hd while among the breeding ewes prices averaged €147/hd with the top price being €165/hd. Ewes with lambs at foot made €140/hd.

5 TULLOW

WITH over 2,000 sheep on offer trade was steady with store trade prices up €2-3/hd. Forward 40kg+ stores sold from €86-97/hd while among the 35-40kg section prices ran in general from €78-85/hd but with some €90/hd also about. Trade for the 28-32kg type was described as “very active” with ram lambs selling for €65-66/hd with nice ewe and wether types making up to €74/hd.

6 NEW ROSS

“SHEEP are a good trade” said auctioneer Jim Bush of yesterday’s sale with butcher type lambs ranging from €108-117/hd with factory lamb seeing prices in general from €105-108/hd. Stores were “lively”, Jim said, with 35kg+ making from €74-90/hd while lighter lambs to go to grass sold from €60-73/hd.


For Stories Like This and More
Download the FarmIreland App


Online Editors

Get the latest news from the FarmIreland team 3 times a week.





More in Sheep