ICSA has described the current low prices being paid by factories for sheep as “totally unjustified and unacceptable”. ICSA national sheep chair, Paul Brady, sharply criticised the price cuts and said, “the prices I’m being quoted are frankly shocking, and I see absolutely no justification for them”.
Mr Brady went on to say that despite what the factories were saying, there was not an oversupply at the moment and that, “in fact, the factories are actively looking for sheep to fulfil demand”.
“To have the prices so low makes no sense,” he added. “Across the board, there appears to have been an average price drop of between 40c and 70c per kg in the last seven to eight days, ith spring lambs down as far as €5.70 or €5.80 per kg and this is all happening at a time when factories can’t get enough sheep in the door.”