Sheep trade in Ireland: Hoggets take a hit as spring lamb price rises

Published 2024년 4월 29일

Tridge summary

The article highlights recent developments in the Irish sheep market, noting a decrease in price quotes for hoggets of up to 20c/kg, while spring lamb prices have increased by 10c/kg at certain sites. Some processors have stopped quoting for hoggets altogether. Despite reports of higher lamb prices, official factory quotes have not reached these levels. Additionally, demand for lamb, both domestically and internationally, is showing some improvement, according to Kantar and Bord Bia. However, lamb remains the most vulnerable to changes in consumer buying habits, being the most expensive protein.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

This week’s sheep trade has seen processors move to take up to 20c/kg off their price quotes for hoggets while spring lamb price offerings have increased by 10c/kg at some sites. The move by factories to take 20c/kg of their hogget price offering with some factories not quoting for hoggets at all today (Monday, April 29) is being seen by some stakeholders in the industry as an attempt by factories to drive out larger numbers of finished hoggets and the Irish Cattle and Sheep Farmers’ Association (ICSA) president, Sean McNamara expects the move to reduce hogget quotes “could be short lived”. Despite reports of €10.00/kg paid for lambs last week, official factory quotes never actually reached this level and this week is no different with hogget quotes back, but lamb and ewe quotes up. Irish Country Meats (ICM) is quoting €9.00/kg plus a 20c/kg quality assured (QA) bonus, bringing their offering to €9.20/kg for hoggets up to 23.5kg carcass weight, back 20c/kg from last week. The ...
Source: AgriLand

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