Strong Rise in Lamb Prices for Easter
IFA National Sheep Chairman Sean Dennehy said farmers with hoggets to sell this week are in the driving seat and they should shop round fully to make sure they are getting full value as prices are rising by the day, and factories are extremely anxious for stock.
He said prices have crossed the €6.00/kg mark – top prices of €6.10/kg have been paid and €6.00/kg is widely available and paid.
Sean Dennehy said strong market demand and tight supplies are driving the trade. He said with Easter less than three weeks away on the first week of April, factories are looking to procure increased supplies at this stage. In addition, he said there is some pent up demand in the trade due to the weather problems, where the kill had dropped back to only 35,000. He said the factories are extremely anxious for lambs and have told agents to let nothing slip by.
The IFA sheep farmer leader said while spring lamb supplies will be very scarce for Easter, early lamb producers need at least €150 per head to cover the higher costs this year and leave a margin. He said with hoggets at €6.00/kg, butchers, wholesalers and factories would have to offer up to €150 for top quality spring lamb.
Sean Dennehy said some factories have been talking with suppliers about offering €8.00/kg for milk lambs up to 13kgs. He said this may be a good option for some farmers, depending on their grass and work situation as the year progresses.