IFA National Sheep Committee Chairman, John Lynskey has said the latest lamb price cuts from the factories are not justified and are sending a very negative signal to sheep farmers. He said the factories have jumped ahead and tried to impose very damaging price cuts.
John Lynskey said farmers are strongly resisting the negative pressure from the factories. He said, despite the lower quotes, some factories have paid €5.65 to €5.75/kg to get lambs this week. In addition, farmers are demanding that the carcase weight limits be increased with some moving on to 21 and 21.5kgs.
He said the ewe trade remains strong with €3.00/kg being paid and a very strong live trade with prices of up to €1.40/kg lw paid.
The IFA sheep farmer leader said the Bord Bia lamb promotions will kick in on the home market from early June and together with Ramadan on June 18th, this should strongly drive demand. In addition, he said the mart continues to be a strong option particularly for heavier lambs where there is strong butcher and wholesaler demand.