Farmers are still coming to terms with a collapse in the lamb trade in the last 10 days. Quotes in the main export plants fell to €5.60/kg this day last week (Thursday) and suffered another hit of 15c/kg to 20c/kg at the start of the week, with most plants quoting €5.40/kg.

When combined, it represents a fall in the region of €10 to €12 per lamb on a 20.5kg carcase. The reduction has also been felt in the mart trade where prices have fallen by a similar level.