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Base quotes for quality assured lambs have increased by 20c/kg to 30c/kg and are now averaging around €9.70/kg, with those handling big numbers pushing returns upwards of €10/kg.
An escalation in input prices in recent years has put a greater focus on driving performance from a grass-based system, but some fencing options have also become more costly.
Demand is outstripping supplies for hoggets, lambs and cull ewes while the upturn in weather and high prices is inserting more life in to trade for ewes with lambs at foot
Lamb prices are climbing towards €10/kg for a growing number of producers, while hogget quotes are hot on its heels, with the differential narrowing further.
There is more life in the beef trade this week, as fieldwork sees cattle supplies temporarily slow. Lamb prices continue to rise, with a vibrant live trade.
The upturn in weather and purchase of fertiliser has got more farmers talking about their phosphorus allowance, with merchants raising queries during sales.
Base hogget quotes have increased to €9.20/kg to €9.40/kg plus the respective quality assurance bonuses, with top prices rising to upwards of €9.60/kg.
IFA sheep chair Adrian Gallagher said that it is important to remind dog owners of their responsibilities and ensuring their dogs are under control at all times.