Sheep
The ICSA has said any move by processors to cut lamb prices again next week will "rightly infuriate sheep farmers".
The IFA sheep chair, Adrian Gallagher said that factories have to "stand a lot stronger" to return higher prices to sheep farmers.
The Irish Cattle and Sheep Farmers' Association (ICSA) has said that sheep farmers have been dealt...
The IFA sheep chair, Adrian Gallagher, has said that cuts to hogget prices by sheep factories are "unnecessary and highly irresponsible".
Following the drop in prices for spring lambs and hoggets last week, there were further developments in the sheep trade this week.
Sheep News
Irish sheep farmers in 2023 have received a price for lamb that is 5% lower than what they were getting in 2022, according to a new report.
The mart trade has moved up a gear from the week before, with increasing factory prices continuing to trickle down into the mart trade.
Agri-Business
Live cattle exports are set to exceed 300,000 head for the first time in many years, according to Joe Burke of Bord Bia.
Momentum in spring lamb factory quotes appears to be building, albeit gradually, with some processors upping their offerings again this week.
More life has entered the sheep trade in recent days, with some processors opting to increase quotes for lambs by 5c/kg.
Spring lamb supplies have eased somewhat in recent weeks, as farmers have opted to hold onto their lambs rather than offloading them.
Lamb prices have taken a turn for the worse with most factories moving to reduce base quotes by 10c/kg to 460c/kg.
Lamb prices have shown some signs of improving this week as factory buyers look to secure stock to meet orders.
The spring lamb trade has remained largely unchanged this week, with the exception of Kildare Chilling, which have dropped quotes by 10c/kg.
The current weakness in lamb is mainly due to supply and demand issues in key Continental markets, according to MII.
Spring lamb and hogget price have remained static this week, as the market show some signs of steadying following a difficult few weeks.
