An extended period of downward pressure on sterling against the euro, with the euro worth 92p this week, continues to make NI an attractive market for factory agents from the Republic of Ireland to source lambs.

Despite a strong trade in the mart, after a price rise last week, local meat processors have moved to take control of NI prices ahead of a key period of demand, cutting base quotes by 10p/kg. Factory quotes started the week on 415p/kg but slipped to 405p/kg by midweek.