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With the ending of Ramadan falling in close proximity to the Easter trade factories are happy to continue to operate at high throughput levels to satisfy strong demand.
Buying for the festival will remain strong over the next week and will provide a strong floor under the trade and underpin demand at a time of relatively high levels of throughput.
The normal lull in demand which follows the Easter trade should not be as apparent this year given the end of Ramadan is approaching fast at the end of the month.
Numbers are still coming strong on to the market and with a lot of buying done for the Easter trade and two shorter weeks' processing demand has steadied.
The spring lamb and cull ewe trades have witnessed prices easing back on last week’s highs, with purchasing activity for the Easter and Ramadan festivals subsiding.
The spring lamb trade has started relatively positively, with lambs averaging from €165 to €180 in marts, but the trade has been overshadowed by heavy cull ewes making €220 to €270 per head.
The increase was forecast to occur after throughput in 2021 was recorded at a 10% lower level, giving rise to forecasts of a higher carryover of hoggets into 2022.
Demand for hoggets is expected to remain robust over the coming months providing a good outlet to cash in on ewe hoggets that are not likely to meet the grade for breeding.