The factory sheep trade continues to strengthen due to higher demand with relatively tight supplies reported, according to Bord Bia.
Procurement managers in the country’s sheep factories indicate that base quotes for spring lamb this week will generally sit at 480-490c/kg.
Early factory quotes suggest that the prices farmers are being offered for cast ewes remains similar to last weeks levels.
According to procurement managers, farmers are being offered 260-270c/kg for the cull ewes.
Trade in the key export markets
A mixed trade was reported across the key export markets for Irish lamb, according to Bord Bia.
The upward momentum continues in Britain on the back of a rise in demand and tight supplies, with English and Welsh lambs making the equivalent of around 488c/kg last week.
According to Bord Bia, the trade remains slow in France on the back of reduced demand, particularly at the food service level.
It added that only small supplies of imported lamb have been reported on the market while the trade is set to be further affected by the closing of the outer ring roads around Paris over the weekend.
French promotions are focused on shoulders, legs and forequarters while Grade 1 Irish lamb made 515c/kg towards the end of last week.
The cumulative throughput of sheep at export plants has dropped by almost 10,000 head, figures from the Department of Agriculture show.
As of the week ending November 22, 2015, the cumulative national sheep kill was back by 9,986 head on the corresponding period in 2014.
Total spring lamb throughput to Irish export plants has increased by 6% or 75,736 head to November 22, 2015, compared to the same period in 2014.
The cumulative number of hoggets (2014 born lambs) going to factories have decreased on 2014 levels by 44,003 head, with 639,276 slaughtered to date in 2015.
There has also been a 13% reduction in the total cast ewe and ram kill, with 40,132 fewer of these animals going to meat export plants in 2015.