In this section
Lamb price trends
Lamb schedules again eased as the Easter chilled premiums end, and more product is destined for frozen production.
Tight export supplies and an improving UK economy may improve consumer demand for lamb but with weak processing company balance sheets farmers are only likely to expect a small share of any increase.
Tighter local supplies as a result of a 20% lower January kill and a later Easter has lured more product into that chilled market and it is hoped Chinese demand will continue to support prices which are well ahead of last year.
Alliance has launched an innovative lamb shearing trial to research the economics of shearing as the sector looks for ways to improve profitability.
The Monaghan Alliance Board bid has come to an end as the MIE group concede when Alliance produced a short list for independent candiadates without including their man.
Store lambs in the saleyards have been selling at much stronger values in the north than the south, but with prime lamb prices similar, southern farmers may be making superior margins.
Trends suggest easing lamb pricing averaging at 519c/kg CWT with a return to producing frozen carcasses.
The latest wool sale saw strong buyer interest on limited volumes of good wool types, and all indicator prices lifted.
Cavalier reported a good half year profit from its carpet operation, but PGGWrightson while lifting its operating income by 24%, reported good profits from all it’s enterprises except wool.
Winchmore agricultural research station is selling its Wiltshire ewes after 13 years creating a easy care wool free sheep, but the cynics may ask what has changed over that time to return this product to a profitable venture for the farmer?
To view Chart for mid micron, coarse and fine crossbred indicators CLICK HERE
CLICK HERE for currency trends.
for more perspectives, see