FACTORIES REVERSE ON LAMB PRICE CUTS

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FACTORIES REVERSE ON LAMB PRICE CUTS
07 Jun 2018

FACTORIES REVERSE ON LAMB PRICE CUTS

Prices, Sheep

IFA National Sheep Chairman Sean Dennehy has said it is clear that the factories overcooked the price cuts last week and are having to reverse this week to get lambs.

He said the reality is that supplies are extremely tight and factories are unable to buy lambs at the lower quoted prices. He said factories are paying €6.20/kg to get lambs.

Sean Dennehy said farmers need to dig in hard and insist on full value. They should desist from moving any under-finished or underweight lambs and continue to sell as lambs become fit.

He said supplies are very tight on the ground and factories are struggling to get numbers to meet market demand.

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