Price cutting continues but brighter days on the horizon
Pictures and Prices from Roscommon Mart
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.
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.
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.