Livestock Economics

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Livestock Economics

BUDGETS: cow calf, backgrounding, summer grazing

LMIC: Analysis and Comments, In the Cattle Market, Livestock Monitor

MARKET REPORTS: area market reports

PRESENTATIONS: meeting presentations

LEASE PUBLICATIONS - farm and ranch

Chart of the Month

 Chart of Month 09-19

Record meat production and unresolved trade issues have led to lower year-over-year prices for many market classes of cattle, hogs, and chickens. However, both market and feeder lambs are above last year’s depressed prices and near the five-year average. After relatively high sheep and lamb slaughter in April, lamb prices have been supported by both lower slaughter rates and dressed weights. Additional price support is from fewer lamb imports from Australia and New Zealand, which were down 15% in June and 23% in July. Fewer imports, declining lamb production, strengthening domestic demand, and ewe lamb retention are expected to support market lamb prices the rest of 2019. A risk factor for feeder lamb prices would be the possibility of higher corn prices due to uncertain yield prospects.

 

 

 

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