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Last week’s kill figure was over 9,300 head lower than the corresponding week in 2023, with throughput for the year to date approaching almost 100,000 head lower.
Factories continue to try to ease prices, but a combination of tight supplies and a reasonable appetite for sheep is maintaining firm competition in the trade.
A number of factories are trying to insert downward pressure on the trade in recent days, with quotes reducing by 10c/kg to 20c/kg on last week’s level.
Lamb prices are climbing towards €10/kg for a growing number of producers, while hogget quotes are hot on its heels, with the differential narrowing further.
Base hogget quotes have increased to €9.20/kg to €9.40/kg plus the respective quality assurance bonuses, with top prices rising to upwards of €9.60/kg.
Kildare Chilling continues to set the pace in the sheep trade with the factory quoting a base of €9.10/kg plus 10c/kg QA for hoggets and €9.40/kg plus 10c/kg QA for spring lambs for Wednesday’s kill.
Plants are keen to make up for a day’s less processing and have been active over the weekend in sourcing sheep to get the kill back on track quickly on Tuesday.
Sales where hoggets exceeded €200/head on Monday include Athenry, Ennis and Kilkenny, while Kildare Chilling has increased its base quote to €8/kg for QA hoggets.
Kildare Chilling has increased its base quote by 30c/kg to a base of €7.50/kg plus 10c/kg QA, while the two ICM plants have increased their base quote by 35c/kg to a base of €7.40/kg plus 20c/kg QA.