Sheep trade: Hogget prices continue ceiling surge, as tip prices strike €6.70/kg

Sheep trade: Hogget prices continue ceiling surge, as tip prices strike €6.70/kgSheep trade: Hogget prices continue ceiling surge, as tip prices strike €6.70/kg

Hogget prices continue to swell upwards, with prices of adult to €6.70/kg being cumulative during a tip finish of a market.

A lot of hoggets, during a tip finish of a market, are being changed during a €6.50-6.60/kg mark, as bureau ardour for reserve intensifies.

Factories have changed to boost bottom quotes from final week, with Kildare Chilling upping a bottom cost for hoggets by 20c/kg from final week to €6.40/kg.

However, it’s Irish Country Meats (ICM) who is a biggest inciter this week, augmenting a bottom cost by a estimable 30c/kg from this time final week to €6.30/kg.

Supplies sojourn parsimonious and this is reflected in new kill figures. For a week finale Feb 14, a series of sheep processed amounted to 41,697 head, that was adult on a prior week, though is still good behind on a same duration final year (-27,000 head).

Sean McNamara, a ICSA sheep chairperson, pronounced that he was astounded though blissful to see prices where they are during present.

“Supplies are really tight. Numbers are only not there and factories have had to boost prices to tempt numbers forward,” he told AgriLand.

“This week, a series of sellers are securing deals of between €6.50/kg and €6.60/kg. To be honest, we suspicion once prices strike a €6.50/kg symbol that it was where they would peak, though it’s certain to see that they have damaged past that.

“In cases, there would be sellers negotiating prices aloft than €6.60/kg.”

Sheep kill

The sheep kill for a week finale Feb 14 totalled 41,697 conduct that is an boost of 3,124 conduct on a prior week.

The series of hoggets processed for a week finale Feb 14 amounted to 38,108, that is an boost of 4,449 conduct on a week before.

Meanwhile, a series of ewes and rams processed during beef estimate plants came to 3,580 conduct final week, that is also behind from a week before (-1,318 head).

Cumulative total for a year to date have reached 280,801 head, that is a diminution of 27,671 conduct compared to a 2020 figure of 308,472 head.

Data source: DAFM

Article source: https://www.agriland.ie/farming-news/sheep-trade-hogget-prices-continue-upward-surge-as-top-prices-hit-e6-70-kg/

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