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 Week

Lamb prices are mirroring 2015 levels closely. Prices are slightly lower than 2014 which was a banner year for all livestock commodity prices. Lamb prices have held relatively stronger than cattle, hog, and chicken prices which declined rather dramatically after record highs in 2014. Lower corn prices and strengthening slaughter lamb prices are buoying feeder lamb prices. Domestic demand for U.S. lamb cuts remains strong, but seasonal fall weakness in slaughter lamb prices is expected. Headwinds include relatively high lamb imports and record cold storage stocks of lamb. Weaker slaughter lamb prices will funnel down to feeder lambs this fall.