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Sheep price update: upward momentum continues in factories and marts

SHARING OPTIONS: Lambs weighing 50kg to 55kg are selling in the region of €140 to €147, with choice lots exceeding this price. The sheep trade has repeated the strong start to the week, with prices edging upwards by another 10c/kg to 15c/kg on average over the weekend. The move means the opening price on offer in many factories is in the region of €6.10/kg to €6.20/kg. It is important to highlight that there is a significant differential in prices being negotiated, with some deals still taking place in the region of €6.10/kg, while others range from €6.30/kg to €6.40/kg. Sellers with low negotiating power and handling small numbers are receiving returns of €6/kg to €6.15/kg.

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