Sheep -Lamb
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Sheep -Lamb
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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.
Market lamb harvest has been slightly less than last year, but lamb production is 2.5% higher year-to-date. Live and carcass weights have decreased somewhat in recent weeks and are now equal with last year. Lamb imports are still less than last year and that is helping lamb markets. Cash lamb prices were steady and firm last week with some instances of $5/cwt higher. Market ewe demand was called very good last week. The lamb cutout value was $468.07 compared to $462.36 the week before. The estimated weekly harvest of 32,000 was equal with the previous week and 3,000 fewer than last year. Exports of U.S. lamb muscle cuts in June were 37% higher than last year’s low volume, and export value was 21% higher than a year ago. However, both export volume and value were the lowest this year. New crop lambs brought up to $165-$230/cwt. Light lambs brought up to $225/cwt.
