Prepared and written by Jeff Swenson, DATCP Livestock and Meat Specialist. The Market Update draws information from several sources, including trade publications, radio broadcasts, agricultural news services, individuals involved in the industry as well as USDA NASS and AMS reports.
Last week brought steady lamb prices once again during a time we normally see a seasonal decline. Domestic demand for lamb has been good, and lower lamb weights continue to impact supply. The lamb cutout value was $517, making it $2.50 higher than the previous Friday. Harvest numbers have remained steady recently. Last week’s estimated harvest of 40,000 head matched the previous week and was 1,000 fewer than a year ago.
