Lambs Find
Mixed Trade
In New Year
The lamb trade came into the new year with highly
mixed trends around the country, though midweek sales
were on the high side. Feeder lambs were as much as $5
higher in the Midwest, but San Angelo prices were
considerably below the last reported sale.
Slaughter lambs were a little stronger in most places,
though Sioux Falls was $4-5 higher Wednesday. Slaughter
ewes were lower in Texas and stronger in the Midwest.
Dressed lamb prices struggled for position late last
year and opened this year in a five-tier price structure
with 10-pound graduations. Heavies were unchanged and now
at the low end, lights as much as $13 above heavies and
$10-12 higher than late last year. Weights 55 pounds and
down were $156.50-157, 55-65 pounds $151.50-152, 65-75
pounds $149.50-150, 75-85 pounds $144.50-145, and 85
pounds and up $141.50-144.50.
In other value determining areas, wool is at a
standstill and most of at least last year's clip is still
in warehouses; pelts were nearly inactive with no true
market value established. Pelt buyers continue to have
unlimited access to ample supplies of domestic and
imported pelts.
There were 665 metric tons of lamb passed for entry
into the United States last week, or 1.46 million pounds,
the equivalent of 40 percent of domestic production. The
annual report shows 108 million pounds of lamb and mutton
imported in 1998, the equivalent of 45 percent of
domestic production. In addition, 9.6 million pounds of
goat meat were imported last year. USDA does not keep
production figures on goat meat.
In San Angelo this week, feeder lambs weighing 50-70
pounds brought $79-82.50, 70-90 pounds $73-80 and 90-100
pounds $70-73. Junction lambs of 50-75 pounds were
$84-90. Midwest markets quoted 60-80 pound feeders
$75-80, 80-100 pounds $70-75.50, and 100-110 lbs. $72-73.
Reports of feeder lambs moving direct were few and far
between. Wyoming reported some 90 pound lambs at $75.
Slaughter lambs in San Angelo weighing 90-130 pounds
brought $67-75, 130-155 pounds $62-67, and some 70-90
pound offerings $77-81. Junction fats were $69-70.
Midwest markets had fat lambs $62-70 with Sioux Falls on
Wednesday $58.40-73.70, the highest since October.
Recent sales of slaughter lambs direct from Texas
feedlots to packers were recorded at $68-70. Lambs moving
direct in the Midwest were $63-68, and Colorado fats made
$69; formula sales there earned $61-66. Formula sales for
the previous week averaged 144 pounds at $63.82, compared
to 148 pounds and $80.35 the same week a year ago.
Fleshy slaughter ewes in San Angelo brought $33-49.50,
a few up to $51. Midwest markets had similar ewes $28-35.
Babytooth stock ewes in San Angelo made $60-65 per
head. Solidmouth ewes in Oregon with March and April
lambing dates brought $72.50.
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