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The number of spring lambs appearing in sales or going direct to slaughter in factories has been low up to now with the trade only really starting to get going.
Spring lamb base quotes of €7.40/kg to €7.50/kg for Thursday have increased by 30c/kg to 50c/kg on last week.
The opening quotes of the season last week were in the region of €7/kg. They were offered against a background of factories prioritising hogget throughput and few numbers of spring lambs in the market.
Factories have now upped the ante as they continue to try and fill the void of tight supplies in EU markets and fill Easter spring lamb orders.
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Factories are looking to get their hands on a quantity of spring lambs to fill orders for the Easter trade.
The number of spring lambs slaughtered up to now has been negligible, with the focus very much remaining on hogget throughput. However, factories are looking to get their hands on a quantity of spring lambs to fill orders for the Easter trade.
The increase in appetite is reflected in a significant increase in spring lamb quotes, with base quotes for Thursday increasing by 30c/kg to 50c/kg and ranging from €7.40/kg to €7.50/kg, excluding the 10c/kg quality assurance (QA) bonus.