The lamb trade has strengthened in the last week, which has led to factories having to increase prices, according to IFA national sheep chairman, Sean Dennehy.
“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.”
Eid Al Adha
Dennehy said plants are paying €5.60 to €5.65/kg, with top prices of €5.70/kg paid in recent days. Ewes are making €2.65 to €2.80/kg.
“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.”
Store lambs in marts
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.”