IFA National Chairman Sean Dennehy said hogget prices have hit €7/kg, with higher deals available for larger lots and groups.
He said prices are driven by very strong demand and tight supplies of finished hoggets.
“Factory agents are very active in marts and competing strongly with wholesalers for the limited supplies that are available, providing a real alternative outlet for farmers,” he said.
Sean Dennehy said orderly marketing of hoggets is important to maximise returns. Farmers should sell hard while moving hoggets as they become fit.
He said the cull ewe trade has also improved. Prices are ranging from €2.90 to €3.20/kg.
The IFA Sheep Chairman said the increased sales of lamb in supermarkets is helping to offset the reduced food service sector demand and underpin the trade.
Sean Dennehy said hogget prices in the NI, the UK and the EU are following a similar price trend highlighting the demand that exists in the market place.