The lamb trade remains caught in a downward spiral, with quotes falling by a further 50c/kg on last week’s levels.

Around 20c/kg to 30c/kg of this cut materialised over the weekend for Monday’s kill, with a similar reduction for Thursday’s kill bringing the degree of the latest price cut to an average of 50c/kg. This follows a similar reduction in the previous week, with upwards of €20 being wiped of the value of lambs in a little over two weeks.