For the week ended 2nd November 2019, a total of 53,614 sheep were processed. This figure is similar to the corresponding figure in 2018 and over 9,000 head below the previous week. Cumulatively, throughput for sheep in 2019 is down 9% on 12 months ago with 205,359 fewer sheep processed.
The average factory price for lambs in Ireland for the week ended 2nd November was €4.22/kg excluding VAT. This represents a reduction of 10c/kg on the same period in 2018.
The GB lamb price for last week was £3.77/kg, which equates to €4.38/kg. This is aided by a strengthening of the pound sterling in the past few weeks. Northern Ireland lamb prices are currently standing at €3.98/kg.
Base quotes this week are running from €4.40/kg to €4.50/kg, with prices for QA lambs running 10c/kg higher as a bonus in factories.