Call for stabilisation of lamb prices

 

IFA national sheep chairman John Lynskey has said that lamb factories need to stabilise prices and avoid any further undermining of the trade.

He said the price cuts of the last 10 days have gone way too far and are inflicting unnecessary income pressure on sheep farms.

In the last week, John said, factory price cuts of 30c/kg and more cost farmers over €6 per lamb. He said some plants had overstepped the mark by forcing down quotes excessively to pull back the trade.

According to the IFA sheep farmer leader, carcass weights need to move up to 22kg immediately. The mart trade for lambs remains strong with active store buying and some live export buying. John said light stores of 30kg are making €80 and 36/37kg making €87/88 per head. Some heavier lambs made as high as €125 per head in marts during the week.

Tags: sheep IFA John Lynskey lamb prices factories