After a drop of 40p/kg over the first half of June, lamb prices in Northern Ireland (NI) have jumped 50p/kg in less than one week. Last Wednesday, base quotes at NI plants were £3.60/kg to £3.65/kg (€4.55/kg to €4.60/kg).

But by Friday, factory agents were hungry to source lambs and prices increased to £3.85/kg (€4.90/kg). By Wednesday of this week, NI lamb prices reached £4.15/kg (€5.25/kg).