Quotes: The hogget trade remains unchanged this week with base quotes in the region of €7.60/kg-€7.70/kg (plus QA bonus). Producers will larger numbers of hoggets that meet current market specifications have been able to negotiate slightly higher prices.
Prices: The average reported deadweight price last week (w/e 14th of February) increased by 4c to €7.46/kg. The trade continues to trend behind the corresponding period last year when the reported deadweight price was €8.82/kg. Meanwhile in GB reported deadweight prices have recovered by 6c/kg to €8.19/kg. The trade in Northern Ireland has slowed, with prices falling to €7.00/kg, a decrease of 14c/kg. Looking at the Southern Hemisphere, trade has strengthened. A flush of new season lambs coming onto the market in some parts of Australia combined with higher carcase weights has had an impact on the deadweight trade with prices for heavy lambs up by 5c/kg to the equivalent of €6.42/kg last week. Meanwhile the New Zealand lamb price improved last week to the equivalent of €5.60/kg with stronger lamb availability impacting the trade.
Throughput: Total sheep throughput in DAFM approved plants for week ending 14th of February was 41,200, 3.5% ahead the corresponding week in 2025. TP increased by 13.5% with the increased demand driven by the start of Ramadan (February 17th). Current YTD throughput is up 4% on 2025 levels with increases in numbers across all categories of sheep contributing to this trend. There have been indications of a stronger carryover of hoggets into 2026 which may contribute to a stronger hogget throughput in the first quarter of 2026.
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