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. Edited by Mid-West Farm Report.
Fed lamb prices continue to work higher. USDA’s National Sheep Summary called prices steady to $30/cwt higher, although that still makes them nearly 10 percent lower than a year ago.
The net cutout value of $468.88 was $4 higher than the previous Friday. Wholesale leg and loin prices are showing good gains.
Harvest last week included Thanksgiving, unlike the same week a year ago. The estimated sheep and lamb harvest was 31,000 head, 6,000 fewer than the prior week, and 9,000 fewer than last year.
Locally, shorn lambs brought $139-$167/cwt.
