BUDGETS: cow calf, backgrounding, summer grazing
LMIC: Analysis and Comments, In the Cattle Market, Livestock Monitor
MARKET REPORTS: area market reports
PRESENTATIONS: meeting presentations
Chart of the Week
Lamb prices have rebounded nicely after being very depressed for over a year. Feeder lamb prices have been buoyed by declining corn prices and strengthening fed lamb prices. Most of the gain in fed lamb prices has been due to declining lamb supplies. Last year heavyweight, and in some cases over finished, lambs were burdensome. In the last couple of months, U.S. lamb dressed weights have averaged almost 8 pounds lighter than last year and lamb and mutton production has averaged 11 percent lower. Prices have likely reached a plateau now and are below record highs recorded on the second quarter of 2011. Stronger consumer demand during the spring 2014 holiday season will be necessary for lamb prices to move to higher levels at that time.