Fat lamb prices have collapse after a 70c/kg cut to base quotes.
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Processors have pulled the rug from under the feet of sheep farmers this week, slashing lamb quotes by as much as 70c/kg, wiping €15 off the value of factory finished animals.
The first sign of a price pull materialised on Monday morning before further cuts applied for Thursday’s kill.
Factory quotes now stand at €7.50/kg at the main export plants, with deals of €7.70 to €7.80/kg on offer at the upper end of the market.
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Fat ewes are a solid trade, with quotes holding at €4/kg and deals of €4.20 to €4.40/kg available.
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Processors have pulled the rug from under the feet of sheep farmers this week, slashing lamb quotes by as much as 70c/kg, wiping €15 off the value of factory finished animals.
The first sign of a price pull materialised on Monday morning before further cuts applied for Thursday’s kill.
Factory quotes now stand at €7.50/kg at the main export plants, with deals of €7.70 to €7.80/kg on offer at the upper end of the market.
Fat ewes are a solid trade, with quotes holding at €4/kg and deals of €4.20 to €4.40/kg available.
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