Lamb Prices 2012 August Update

As seen in the weekly reports, lamb prices in July have been extremely volatile. Note especially the prices for “heavy” lambs in New Holland, PA. They were actually lower than good ewes, likely being too fat. It is the author’s opinion that packers are still finding a good market for high quality lambs, but the attempt by large feedlots to manipulate the prices has failed. Overweight lambs are being dumped and the result is severely weakening and distorting the market. Expect markets to stabilize through August and even start to recover as we head into the fall.

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