Stronger Lamb Trade Means Factories Have to Increase Prices
IFA National Sheep Chairman Sean Dennehy said the lamb trade has strengthened in the last week, with factories having to increase quotes and prices.
He said “Factories are paying 30c to 35c/kg over quoted prices to get stock. The reality is factories are not able to get lambs at the lower quoted prices and are having to pay a lot more.”
Sean Dennehy said factories are paying €5.60 to €5.65/kg with top prices of €5.70/kg paid in the last few days.
“The important Muslim festival of Eid Al Adha begins on July 30th and buyers are already trying to put down stock, especially in the UK”.
The IFA sheep farmers’ leader said the store trade is also very strong in the marts with 35kg lambs making €85. “Good grass growth is driving farmer demand.”
Ewes are making €2.65 to €2.80/kg.
