The year to date has been relatively positive for sheep markets. There were some weeks where markets were under pressure but, in general, prices received have been positive, with the average price for the year to date recorded at €5.38/kg excluding VAT. This is significantly ahead of 2019 levels but marginally behind the corresponding period in 2018.
The strength of markets in recent weeks has brought more optimism to the sector. Mid-season producers are particularly pleased with the opportunity to get a percentage of lambs drafted at the higher prices, while reduced weather-related costs and a vibrant trade for store lambs is also inserting more optimism.