Lamb Prices
Higher, Lamb
Imports Up
Lamb prices moved higher on both fats and feeders this
week despite the second largest weekly volume of lamb
imports to reach the country this year.
Lamb and mutton passed for entry into the United
States totaled 3.2 million pounds last week, the
equivalent of 64 percent of domestic production. Most of
that would be from lightweight animals, and lightweight
carcasses on the East Coast moved up $5. The upcoming
holiday fare must be favoring lamb.
Its ironic to see an increased volume of lamb
and higher prices when beef cattle are in a nosedive and
hog producers are losing around $50 per head. Carcass
cutout values show lamb at $185.59, beef at $97.69 and
pork $36.06.
Mexico is doing its part in easing our burden and
loading up for the holidays. They are currently importing
around 3000 hogs and 1500 ewes per day through Texas
ports.
Lamb carcasses weighing 75 pounds and down on the East
Coast were steady to $5 higher last week, over 75 pounds
steady to $3 lower. Weights under 55 pounds were
$144.50-147, 55-75 pounds $144.50-145 and over 75 pounds
$141.50-144.50.
Slaughter lambs were steady to $3 higher around the
country with San Angelo going $1 lower. Feeder lambs were
steady to $5 higher. Slaughter ewes were a couple of
dollars higher in Texas and about steady in the Midwest.
San Angelo feeder lambs weighing 40-60 pounds brought
$83-89, 60-70 pounds $78-86, 70-80 pounds $77-85, 80-70
pounds $74-77, and 90-100 pounds $70-75. Fredericksburg
had 60-85 pound lambs at $80-89 and some lightweight
newcrop lambs went to packers at $95. Goldthwaite feeders
weighing 65-85 pounds were $81-83.50. Midwest markets
called 60-80 pound lambs $70-76, 80-100 pounds $64-70.
Faith, S.D. moved 50-60 pound feeders at $83, 60-70
pounds $79-82.50, 70-80 pounds $75.50-77.50, 80-90 pounds
$70.25-77.75, and 70-100 pounds $65.75-72. Billings lambs
of 55-70 pounds were $75.50-79, 70-90 pounds
$71.25-78.50, 90-100 pounds $69-74 and 100-120 pounds
$66.25-71.
Feeder lambs moving direct in West Texas were mostly
$75-82 on 65-85 pounds. Montana sold 85-100 pound feeders
at $65 per head, and 105 pound Nevada lambs turned at
$70.
Slaughter lambs in San Angelo weighing 90-120 pounds
brought $69-75 and 125-140 pounds $65-70. Goldthwaite had
95-130 pound fats $65-70. Midwest markets moved fats at
$57-67, up to $69 in Sioux Falls Wednesday. The Midwest
Teleauction sold fats at $62.75-65.75.
Recent sales of fat lambs moving direct from feedlots
to packers in West Texas made $68-70. Mountain states
moved fats for $62-66, a few in Nevada and Califoria
$69-70.50. Midwest lambs brought $60-64.
Fleshy slaughter ewes in San Angelo made $40-52, a few
to $54. Midwest markets quoted ewes $28-34 and Billings
$32.50-36.
Mixed age breeding ewes in San Angelo made $71.50-77,
and yearlings in the Mountain states were $117.50-118.
|