Sheep News
This week's sheep trade has seen processors move to announce their opening spring lamb prices for the season as hogget price is up 20c/kg.
Sheep
Prices for lambs have held from some processors, while others have risen their offerings, with other processors not providing quotes at all.
Prices in the sheep trade have remained on par with those seen last week, with comparisons of prices from a year ago showing a stark contrast
The first of this year’s lamb crop will be processed in factories this week as spring lamb prices in 2024 have opened.
The start of the sheep trade in 2024 may be welcomed by Irish sheep farmers, as factories have raised their quotes for spring lamb by up to 10c/kg.
There have been price increases in the sheep trade this week from some factories that raised their offerings for spring lambs by 5-10c/kg.
The sheep trade this week (November 13) has kicked off positively, with factories raising the price for spring lamb by up to 25c/kg in cases.
There is no change to report from factory quotes on the last day of October, as the prices remain the same as last week for spring lambs.
Prices for spring lambs this week have seen a 10c/kg rise from some factories in what will be a welcome change for farmers.
The sheep trade this week has seen some outlets reduce their prices for ewes, while others have increased their prices for spring lambs.
As seen in recent weeks, prices in the sheep trade have steadied from factories, as they have held firm in their quotes.
The sheep trade coming into this week is continuing in the same fashion as recent weeks, with no change to report in prices for lambs.
As prices in the sheep trade have remained low for farmers this week, the effects of other countries expanding their trade to Europe was acknowledged by some in the Irish trade as meaning Irish farmers "can't compete" with such low prices.
Sheep Technical
Prices farmers are getting from factories today (July 24) for spring lamb are now €1/kg less than they were receiving last month (June 26).
Lamb prices at many marts over the past week have witnessed an improvement of €2-4/head on average, with others reporting a steady trade.
Spring lamb prices for tomorrow have been cut by up to 20c/kg, which will come as a surprise as prices were on the rise earlier in the week.
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