Lamb Prices
Rocking Up
And Down
Fat and feeder lambs found tough
going this week as price trends bounced up and down. The
industry is hoping that prices have reached bottom and
maybe lightweights will start edging upward soon.
Heavy lambs are still stacked up in
places and will be for a while. With packers only killing
a limited number of overweights, when they can
merchandise them, the problem continues to grow as others
replace them.
Meanwhile, lamb and mutton imports
passed for entry last week totaled 1508 metric tons, the
equivalent of 70 percent of domestic production.
Slaughter ewes also took a licking
as liberal numbers allowed export buyers to shop for the
more desirable kinds and some orders were filled by heavy
lambs rather than ewes. Exports to Mexico last week
totaled 7334 head.
Carcass lamb sold steady last week
with a top of $137.50. Heavies were quoted at $95, but
stories are being told about some sales at $65 in
Chicago.
The West Texas drouth is getting
deeper; it has been six weeks since any sign of rain.
Spring grasses and weeds are dead and summer grasses are
not greening up. Dryland small grain has withered and
some summer crops are up but stunting. Weed seeds are
causing pelt problems in some areas and $5 discounts are
common.
San Angelo feeder lambs weighing
50-60 pounds brought $74-78, 60-90 pounds $71.50-77.50,
90-95 pounds $70-73. Fredericksburg lightweight lambs
were $75-82, heavies $71-77. Goldthwaite lambs weighing
45-65 pounds made $74-78, 70-95 pounds $72-77.50, and
100-130 pounds $66-70. Junction had 60-75 pound lambs at
$72-78. Midwest feeders weighing 50-70 pounds were
$80-90, 70-90 pounds $75-80. Billings lambs of 70-80
pounds made $78-79, 80-90 pounds $71.50-80, and 105-110
pounds $65-66.
Feeder lambs moving direct in West
Texas weighing 70-85 pounds brought $70-72. Recent sales
in California had 90-100 pound lambs $67-69, 100-130
pounds $63.50-67. Arizona saw $65 on 120-125 pound lambs.
Fat lambs weighing 100-135 pounds
in San Angelo were $60-65, 90-110 pound newcrops $67-71.
Midwest markets quoted fats $54-62, and Midwest
teleauction lambs brought $63.
Fat lambs in West Texas moving
direct to packers were $54-63 with newcrops $64-66.
Colorado had lambs at $61.50 with a 50 cent slide over
140. Formula lambs weighing 120-140 pounds brought
$68-74.50 and 140-160 pounds $60-68. California fats were
$50-58 with 110-130 pound newcrops $60-65. Midwest lambs
of 140-150 pounds moving direct were $58.50-62.50.
Slaughter ewes in San Angelo were
as much as $10 lower, most fleshy offerings $28-49, fats
stopping at $36.50. Midwest ewes were $28-33.50.
San Angelo sold babytooth stock
ewes at $72-75.50 per had, solidmouths $64-71. Babytooth
ewes in Goldthwaite were $82-101 and solidmouths $65-80.
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