Processing demand for cattle continues to build, with the weekly kill reaching record levels. Quotes continue to rise for fat lambs.
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Mart managers indicate that buying demand for store lambs is on the rise and prices are pushing upwards as a result
Base quotes for fat lambs continue to rise and now stand at 635p/kg at plants in NI
An increasing number of lambs are trading from €7.70/kg to €7.80/kg, with higher prices and extra weight limits being negotiated at the top end of the market.
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There is plenty of life in the beef trade, as processors ramp up throughput for Christmas, while lambs are an improving trade with a 5p/kg increase to quotes.
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The differential in price narrowed to 28c/kg for the week of 19 October following a sustained period where the differential was upwards of 50c/kg.
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Throughput fell by 5,000 head last week, despite factory agents increasing purchasing activity, reflecting just how tight supplies of finished lambs are.
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Competition between processors for prime cattle is on the rise and prices are edging upwards in Northern Ireland. Lambs are also seeing quotes increasing as demand grows.
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It is easy to get caught up in a fast flowing mart trade, but sight should not be lost of finishing budgets and purchasing lambs that best suit your system.
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