Farm Ireland

Monday 23 April 2018

Trade steady as some prices rise

The lamb trade appears to be as steady as the Donegal defence, for the moment at least, as quotes remain constant in most plants and up in one.

As you will see from the table, Kepak Hacketstown are the plant that have increased their figure by 5c/kg. This brings them up to a base of 480c/kg plus the bonus and into line with Dawn Ballyhaunis, the ICMs and Kildare Chilling.

The Lilywhites still set the pace by virtue of their extra 5c/kg for quality assured lambs.

Moyvalley are quoting an all-in figure of 480c/kg. They are quoting 440c/kg for lighter type lambs killing out between 14-18kg for the Swedish market.

Kepak Athleague remains at last week's levels of 475c/kg plus 5c/kg. In general they are offering this to 21kg but many farmers are bargaining successfully for carcase weight of up to 21.5kg and to higher money as well. IFA sheep chairman James Murphy said that the lamb trade remains strong with prices at 490-500c/kg.

Hard sellers are securing €5/kg to 21.5kg. This gives them a gross price of €107.50. Other farmers are accepting the quoted figure to 21kg and, yes, there are a few only getting paid to 20.5kg.

At this lower weight the farmer is receiving a gross of €98.40 thereby losing out to the tune of as much as €9/lamb or one lamb for every 11 lambs they are selling. There is not enough profit out of them to give every 11th lamb free to the factory.

Cull ewe quotes are steady also with all plants, apart from Moyvalley, offering 230c/kg.

Also Read

The sheep trade remained stable last week according to Bord Bia, as some increase in supplies were matched by improved market demand on our main export markets.

Quotes for lambs by the end of the weekend were still making up to €4.90/kg. Demand for cull ewes firmed with quotes now typically making €2.30/kg. To date, sheep supplies are running 5pc higher compared to last year's levels.

In Britain, prices were maintained by increased demand on the French market due to Ramadan and strong domestic demand. By the weekend, new season lambs at live markets across Britain were making the equivalent of around €5.55/kg.

In France, trade has lifted in response to the commencement of Ramadan. This has helped boost prices, with Irish grade 1 spring lamb reportedly making up to €5.58/kg by the end of the week.

Despite large numbers of consumers leaving Paris for their holidays, the good spell of weather forecast for next week is expected to boost demand for barbecues and grilling.

Indo Farming