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Mayo-Sligo Mart's Tuesday sheep sale has approached its annual lull in numbers, with the transition from hoggets to spring lambs, but prices remain firm.
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.
It is clear that factories want to increase throughput, with agents keen not to let sheep home unsold, but also not willing to get caught up in heated bidding exchanges.
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.
The continued decline in sheep numbers is having a significant effect on production, with the latest European Commission figures showing production fell by 8.1% in January 2024.
Good-quality in-spec cattle are getting harder to source and there are deals to be made. After an electric start to the trade, lamb prices have steadied this week.
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.