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A number of plants have dropped their base quote below €7/kg, but there are no lambs moving below this level, with agents exhibiting a greater appetite for lambs this week.
A couple of factories have started the week on a similar base quote of €8.20/kg, while a couple more have pulled base quotes by 20c/kg to €8.00/kg to €8.05/kg.
Base quotes have been pulled significantly at three time periods over the last week, with cuts equating to a reduction of €10 to €15 on a carcase weighing 21kg.
Factories have pulled hogget quotes or stopped offering an official quote and are disseminating a message that they want to focus on lambs from now onwards.
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.