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Base quotes in factories in Ireland are largely similar, but quotes in plants in Northern Ireland have rebounded strongly, rising by 20p/kg to 30p/kg in some plants.
Last week’s kill figure was over 9,300 head lower than the corresponding week in 2023, with throughput for the year to date approaching almost 100,000 head lower.
Quotes for Thursday for hoggets and lambs remain unchanged, but cull ewe quotes have increased, as factories try to entice higher numbers to opt for direct sales.
The price increase of £1.74/kg (€2.03/kg) since the turn of the year is being driven by tight supplies, strong sales, steady exports and lower than anticipated imports.
Kildare Chilling has moved out in front again and is setting the pace with its quote of €8/kg plus 10c/kg quality assurance payment up 40c/kg on the week.
Currently at £7/kg (€8.20/kg), the AHDB reports that UK sheep prices have never before experienced such an elevated period of higher farmgate returns during January and February.
Factories are digging in on prices paid, but reports from the mart trade show good-quality lambs have moved ahead of factory sales and are encouraging higher numbers this direction.