At a meeting between IFA and the lamb factories from Meat Industry Ireland (MII) in Dublin this week, IFA President Joe Healy said hogget finishers are extremely frustrated with the loss-making prices on offer from the meat plants, which are down 65c/kg or €15 per head on this time last year. He said in some instances, with weight cuts, the losses are as high as €20 per lamb.
IFA National Sheep Committee Chairman John Lynskey has reported a strong trade for lambs at the factories, with prices of €4.80/kg to tops of €4.85/kg being paid.
Weights have also moved up with payments up to 23kgs.
Some factories are anxious for ewes with prices ranging from €2.55/kg up to top prices of €2.70/kg paid, depending on quality.
An IFA lamb price survey of the five main supermarkets shows that retailers are charging consumers from €10 to €16/kg for the key lamb cuts, while the farmer price has fallen from €5.50/kg to as low as €4.70/kg in the last two weeks. This points to a 60% plus mark up on lamb by the retailers and factories over the farmer price according to IFA National Sheep Committee Chairman John Lynskey.