There has been a strong lift in lamb prices this week, according to the Irish Farmers Association (IFA).
According to IFA national sheep chairman, John Lynskey: "Lamb prices have kicked on again this week with factories paying €5.15/kg in a range from €5.05 to a top price of €5.20/kg paid by some wholesalers and butchers."
Following a full sell out over Christmas, demand remains very strong, said Mr Lynskey. In addition, he added, the poor weather this week has left factories short of stock with procurement managers having no choice but to increase offers to get numbers.
"With the kill for 2017 up by 277,088 or 10 per cent on 2016 levels, supplies for the early part of 2018 will be tight," said Mr Lynskey, adding that the total kill for 2017 was 2,948,493 compared to 2,671,405 for 2016.
“The large weekly kills in the latter half of 2017 will leave lambs tight in the early part of 2018,” he said. He said ewes were making up to €3.00/kg.