Report: NI lamb trade
“Steady” was the word the Livestock and Meat Commission (LMC) used when reporting on the sheep trade across plants in Northern Ireland this week.
Quotes for R3 grade lambs reached 490p/kg up to 21kg with the commission expecting similar quotes early next week.
NI lamb trade
In its weekly market update report, a spokesperson for the commission said:
“The average NI deadweight lamb price was up by just over 6p/kg from the previous week to 480.8p/kg.”
“In ROI last week, the average deadweight lamb price was the equivalent of 522.9p/kg, up by 10.5p/kg from the previous week.”
Throughput and exports
Lamb throughput totalled 11,265 head last week, up 138 head from the previous week when plants processed 11,127.
Meanwhile, exports of lambs from NI to ROI for direct slaughter increased by 333 head from the previous week to total 6,233 head.
Last week’s report
Sheep plants across Northern Ireland moved lamb quotes up a gear by more than 10p/kg, in some cases, this week, with an expected price boost on the horizon.
According to the Livestock and Meat Commission (LMC), quotes ranged from 470-475p/kg for R3 grade lambs up to 21kg.
“Quotes for Monday are expected to range from 485-490p/kg up to 21kg,” a spokesperson commented in its weekly market report.
“In the same week last year, the deadweight lamb price was 461.1p/kg. In ROI, last week, the deadweight lamb price was back by the equivalent of 10.8p/kg to 529.6p/kg,” the LMC spokesperson added.
According to the LMC, prices are running about 11.7p/kg ahead of last year’s quotes.
Beef prices in Northern Ireland
Average prices were as follows:
- Steer prices fell by 0.2p/kg to 391.1p/kg,
- Heifer prices dropped 0.5p/kg to 392.4p/kg;
- Cow prices decreased 6.3p/kg from the previous week to 283.7p/kg.