A 30c/kg differential has opened up between prices on offer between factories and wholesale buyers.
O’Flynn Meats based in Co Waterford has increased its lamb price quote for Thursday by 10c/kg to €8.40/kg.
The next nearest opening price quote on offer in Irish Country Meats and Dawn Meats plants is €8.10/kg, opening up a 30c/kg differential between prices on offer.
A significant number of lambs are trading from €8.15/kg to €8.25/kg by merit of group payment structures and negotiating power from regular sellers with some prices at the higher end of the market also topping €8.30/kg.
Prices in Northern Ireland are holding steady with base quotes at £6.85/kg to £6.90/kg (€7.19/kg to €7.25/kg) with top prices reaching £7/kg plus (€3.37/kg).
See page 60 for more.
