Fat Lambs,
Carcasses
Stronger
Fed lambs tried to make a comeback this week with
strength in several places, particularly on Midwest
markets, where prices were around $4 higher early and
some added another $4 on Wednesday. Feeder lambs were
rather uneven, but mostly about steady. Slaughter ewes
were steady on Midwest markets but around $5 lower in
Texas.
With the strength in the fat market, the wholesale
trade may be trying to make a comeback. Lightweights and
heavies moved up $4 on Wednesday. Weights under 45 pounds
were $141.50 and over 85 pounds $100.50. Lamb cutouts
moved lower again Wednesday, losing $2.55; carcasses 65
pounds and down were $145.76, 65 and up $140.06. Feeder
lambs still have a ways to go before they are out of red
ink. Lamb feeders have taken a big-time hit in recent
months, and they may be reluctant to get back in the
gamble again.
Imports continue to roll in with 839 metric tons of
lamb and mutton inspected for entry to the U.S. last
week. That is about 1.85 million pounds and the
equivalent of 41 percent of domestic production.
The San Angelo area has now gone about 50 days without
any significant rain, and hazy skies indicate there is a
lot of somebody elses pasture floating around up
there. The area is reminiscent of the Dust Dowl days.
With the drouth as deep as it is, producers have little
incentive to put out more breeding stock.
In San Angelo 40-90 pound feeder lambs brought $72-78,
90-100 pounds $71-73.50. Goldthwaite feeders weighing
40-80 pounds made $70-78.50, and 50-80 pound lambs at
Junction were $71-80. Midwest markets called 50-70 pound
lambs $80-90 and 70-90 pounders $75-80.
Feeder lambs moving direct in West Texas weighing
70-75 pounds made $72-74, a few at $75. California called
90-100 pound feeder lambs $67-69, 100-120 pounds
$63.50-67, some with $5 discounts for seedy pelts.
Fat lambs of 100-135 pounds in San Angelo brought
$58-74, newcrops 90-115 pounds $70-77. Midwest markets
had lambs at $54-60, newcrops $63-74.75. Midwest
teleauctions sold lambs for $64.50-67.25.
Fat lambs in Colorado moved direct to packers at
$61.50 with a 50 cent slide at 140 pounds. Contract lambs
averaged 154 pounds at $60.49 compared to a year ago at
146 and $92.39. Arizona newcrops weighing 120-125 pounds
made $65, and 110-130 pound California newcrops brought
$60-65 with a 30 cent slide at a weight stop of 120
pounds. Lambs of 150-155 pounds moving direct in the
Midwest made $60.50.
Fleshy slaughter ewes in San Angelo brought $25-43
with fats stopping at $34, and Midwest markets had ewes
$28-33.50.
A few solidmouth stock ewes in San Angelo brought
$63-75 per head.
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