Report: Lamb trade in Northern Ireland
According to the Livestock and Meat Commission (LMC), prices for R3 grade lambs moved upwards in plants across Northern Ireland this week.
It reported that factories quoted to 490p/kg up to 21kg with similar quotes expected for next week.
Lamb throughput in NI plants has continued to increase with 11,127 lambs processed last week, up 400 head from the previous weeks.
However, this is back 690 when compared to the 11,817 lambs plants processed in the corresponding week in 2020.
Export of lambs to ROI for direct slaughter last week totalled 5,900 – a slight drop from the previous week.
Lamb trade in Northern Ireland
The LMC spokesperson said:
“The average deadweight lamb price in NI last week was 474.7p/kg up 3.2p/kg from the previous week.”
“Meanwhile in ROI, the deadweight average lamb price was the equivalent of 512.4p/kg up 9.3p/kg from the previous week.
Sheep prices last week
Factories across Northern Ireland pulled lamb quotes by close to 5p/kg last week.
According to the LMC, quotes from the plants for R3 grading lambs ended last week ranging from 485-490p/kg up to 21kg.
A spokesperson for the Livestock and Meat Commission said: “The deadweight lamb price in NI last week was back 4.4p/kg from the previous week to 471.5p/kg.”
“The deadweight lamb price in ROI last week decreased by 12.2p/kg to the equivalent of 503.1p/kg.”
The north’s lamb throughput totalled 10,727 head, up 516 head from the previous week when 10,211 lambs were processed locally.
A further 6,093 lambs were exported from NI to ROI for direct slaughter last week, up from 4,935 lambs from the previous week. Lamb exports accounted for 36.2% of the total NI lamb output during this period.
Beef trade in Northern Ireland
“A mixed performance” were the words the LMC used when reporting on the beef trade in Northern Ireland this week.
According to the commission, factories quoted base prices of 384-394p/kg for in-spec U-3 grade prime cattle across plants this week.
Quotes for good quality O+3 grade cows ranged from 280-302p/kg this week, with the majority of the plants quoting 290-302p/kg.
However, the LMC pointed out that factories are expected to decrease these quotes to 280-300p/kg next week.
Read this report in full.