Sheep farmers have lifted their blockade of the Kepak factory in Athleague after talks took place with management at the Co Roscommon factory.
It is understood that while no agreement on a lamb price increase was reached, a second meeting with Kepak management in Clonee, Co Meath, has been organised for Thursday.
The Irish Cattle and Sheep Farmers' Association (ICSA) has threatened to stage further protests if no progress is made.
ICSA sheep chairman Sean McNamara, who led their delegation at the talks, said that there had been a "robust exchange of views."
Mr McNamara said: "Both sides agreed that current prices were wholly unsatisfactory from a farmer’s perspective.
"The ICSA is insisting that the continuous severe cuts on sheep price cannot continue and that sheep farmers cannot be expected to lose money. We also had a strong exchange of views on weight limits, which at 20.5kg are totally unreasonable at this time of year."
During the protest Eddie Punch, of the ICSA, told RTÉ News: "The price being paid per kilo for lamb has gone down by €1 in the last 12 months,"
"That's the entire profit margin gone for farmers," he added.
Meanwhile, Meat Industry Ireland has said that weak demand for lamb in key markets is one of the reasons behind the fall of lamb prices in Ireland.
In a statement, it said: "Continued weaker demand for lamb in key continental markets due to lower consumption levels, coupled with very competitively priced UK lamb in the marketplace is behind the deterioration of lamb prices here in recent weeks.
"Processors understand the frustration of farmers with these reported price falls but it is reflective of what is happening in the market. While market returns are disappointing at present, disruption of processing operations will not help the situation."
