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IFA National Sheep Chairman John Lynskey said the lamb trade remains firm with factories paying €5.00/kg. He said this week will see peak Christmas demand.

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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.

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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.

IFA National Sheep Chairman John Lynskey has said there is more stability in the lamb market this week and clear indications of more buoyancy in the mart trade for lambs.

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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.

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