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HomeFarming NewsLamb prices up 20c/kg as factories compete for supplies
Catherina Cunnanehttps://www.thatsfarming.com/
Catherina Cunnane hails from a fifth-generation drystock and specialised pedigree suckler enterprise in Co. Mayo. She currently holds the positions of editor and general manager at That's Farming, having joined the company in 2015.
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Lamb prices up 20c/kg as factories compete for supplies

Lamb prices August 2021

Lamb prices have increased by up to 20c/kg this week as factories “compete” for supplies.

That is according to IFA sheep chairman, Sean Dennehy, who said prices of €6.40/kg are available, with deals to 21.5kgs.

He reported that “better” deals are available for larger lots and groups. Meanwhile, he reported that cull ewes are making €3.40 to €3.60/kg.

Dennehy said store and breeding sales are “buoyant” in the marts and provide competition for lamb supplies to the factories.

He advises farmers should sell hard in a strong market, while moving lambs as they become fit.

He stated that factories must ensure these “positive” market conditions are reflected in prices to farmers.

Lamb prices August 2021

Commenting on market conditions, he said:

“The orderly selling of lambs this year is ensuring there will be no glut of lambs coming onto the market.”

“The absence of imports from outside the EU in the marketplace is also a significant contributor to the positive market conditions which should prevail for the year,” he concluded.

Beef prices

Meanwhile, IFA’s Brendan Golden has said that market conditions for beef “remain favourable”.

He has advised farmers to ignore the negative propaganda from factories, as some plants have moved to pull quotes again this week.

According to Golden, steers are making €4.20/kg-€4.25/kg (base price) this week with €4.25/kg for heifers.

He reported that demand for young bulls is “steady” with quotes ranging from €4.10 to €4.30/kg for R and U grades.

Golden also noted that cow prices are “steady” with P grades to €3.60/kg in “most factories”.

Meanwhile, he added that O grades are “generally” coming in at €3.70/kg and R and U grades are making €3.80 to €4.00/kg.

He advised farmers to move cattle as they become fit to ensure they “keep control of the supply/demand balance”.

Bord Bia predicts that cattle supplies for the remainder of the year will be back by up to 40,000 head compared to last year.

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