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Irish Lamb Price Drops as Great British Market Steadies

18 August 2014

UK – Irish deadweight lamb prices slipped last week under strong volumes, while prices in Great Britain steadied, report Livestock and Meat Commission (LMC) analysts.

Northern Ireland’s price was back 4.6 p/kilo to 349 p/kilo. Republic of Ireland lamb slipped back 10.1 p/kilo compared to 383.3 p/kilo across Great Britain.

Quotes from plants for R3 grade lambs, accounting for 49 per cent of trade last week, ranged 350-355 p/kilo.

Lamb quality was ‘good’, with 24 per cent of lamb managing U3 specification.

Sheep exports for direct slaughter to the Republic of Ireland lifted on the prior week to 6,121, making 31 per cent of sheep output for slaughter in Northern Ireland last week.

The Week’s Marts

Markets reported good numbers of high quality lambs and a similar trade to the week before. 

LMC analysts reported

In Massereene on Monday a good entry of 916 lambs sold from 310-338p/kg compared to 525 lambs last week selling from 305-357p/kg.

An entry of 500 lambs in Kilrea on Monday sold from 325-349p/kg compared to 620 lambs the previous Monday selling from 318-358p/kg.

In Rathfriland on Tuesday an improved trade saw 1,133 lambs selling to an average of 332p/kg compared to 1,064 lambs last week selling to an average of 322p/kg.

In Ballymena this week 1,151 lambs sold to an average of 319p/kg compared to 1,456 lambs last week selling to an average of 315p/kg.

 

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