IFA Sheep Committee Chairman Kevin Comiskey said hogget prices have risen by 10c/kg today as factories struggle to secure supplies.
He said factory agents were very active over the weekend as supplies on the ground tighten, offering higher prices and deals on transport to buy hoggets.
“Hoggets are making €7.00/kg to €7.10/kg with higher deals for groups and larger lots. Cull ewes have also risen in price with €3.70/kg being paid,” Kevin Comiskey said.
He said the tighter supplies of finished hoggets is also evident in mart sales. Prices for finished hoggets and cull ewes are easily competing with factory prices and providing a competitive alternative for farmers.
“Numbers of suitably finished hoggets are tight, market demand is strong and farmers should sell hard in a rising market,” he concluded.