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For the week ending June 10th the midwest sheep and goat market was mostly $10-$15/cwt higher on slaughter and cull stock. Only 1 sale this week reported softer prices and that was at the beginning of the week so it appears things improved as the week progressed. The market for heavy goat wethers and heavier lambs seems to be driven by the upcoming holiday of Eid al-Adha or Feast of Sacrifice. The holiday is June 29th. So we may see this market stay high for the next several weeks. The rain and shifting drought in the US seems to be bringing breeding stock prices up and we are seeing a little bit more volume of commercial breeding stock coming to the market. While prices are still strong overall for sheep and goats they are not currently setting records. For the cattle market though they are currently hitting and making new record highs. Beef prices are also at record highs with the Choice cut-out at nearly $330. So there is the possibility that sheep and goat prices will continue to be supported by this aggressive cattle market, but there is a lingering feeling that the cattle market will soon be due a correction.
Highlighted quotes this week include Centennial Livestock where they sold 44 head of 54 lbs feeder wool lambs for $205/cwt or $111/hd. Kalona Iowa sold 30 head of 96 lb hair lambs for $218/cwt average or $210/hd. The upper end of the draft brought $250/cwt or $240/hd. Kalona also sold 32 head of 72 lb slaughter goats for $291/cwt or $209/hd. The upper end of the draft brought $382/cwt or $275/hd. Sioux Falls Regional Livestock sold 131 head of 111 lb wool slaughter lambs for $182/cwt or $205/hd. Sioux Falls also sold 48 head of 65 lb slaughter goats for $305/cwt or $198/hd. Producers Livestock in Texas sold 30 head of open yearling hair ewes weighing 102 lbs for $212/cwt or $216/hd. Producers also sold 55 head of 126 lb slaughter goat wethers for $418/cwt or $332/hd. The upper end of the draft brought $453/cwt or $360/hd.
Lamb slaughter this week was estimated at 35,000 head through Saturday. That was an increase of 6,000 head from last week up 2,000 head from last year. Year to date lamb slaughter at 817,000 head 5.5% or 43,000 head more than the previous year’s lamb slaughter. Live lamb weights this week were 127 pounds. That was unchanged from last week and a decrease of 9 pounds from last year. Dressed lamb weights were 64 pounds. That was unchanged from last week and a decrease of 5 lbs from last year.
Here is a regional price range from all sales in the report.
20-40 lbs $170-$215/cwt
40-70 lbs $147-$225/cwt
70lbs & up $130-$219/cwt
20-40 lbs $140-$274/cwt
40-70 lbs $150-$245/cwt
70 lbs and up $130-$250/cwt
Hair Rams $40-$210/cwt
20-40 lbs $150-$324/cwt
40-70 lbs $170-$350/cwt
70 lbs & up $230-$350/cwt
70 lbs & up $245-$400/cwt
Slaughter medium-fleshy $125-$265/hd