Lamb prices have continued to rise this week, according to IFA national sheep chairman, Sean Dennehy.
Quality-assured lambs are now making €5.40 to €5.60/kg, up to 22.5kgs.
He said finished lamb numbers will remain tight. Combined with market demand, this should “continue to drive trade”.
“Suitable lambs are in scare supply, based on the high throughput during the year. Factories are struggling to get numbers to meet demand.”
“Butchers and wholesalers are adding competition and helping to drive the price increases,” he said.
Demand is strong for all types of stock at the moment including ewe lambs, store lambs and breeding ewes with mart prices strengthening week-on-week.
The cull ewe trade has also risen this week, with factory prices ranging from €2.70 to €2.85/kg and well-fleshed ewes making over €130 in marts in some cases.
Dennehy said farmers who are unable to secure the higher factory price should consider selling in the marts. Here, lambs are regularly making more than what some factories are offering sellers of smaller lots, he said.
“This is a real alternative and a viable outlet providing additional competition to factories.”