Weekly Closing Lamb Market Update

ST. JOSEPH - May 9/08 - SNS -- The USDA released its week ending review of lamb market trade and prices for the Unoited States today.

*****This report is based on information provided by companies that agreed to
continue to participate in Livestock Mandatory Reporting on a voluntary
basis.****

National Weekly Slaughter Sheep Review for w/e Friday, May 09, 2008.

  Compared to last week, cash sales of slaughter lambs sold steady while
formulated dressed sales sold 3.00 to 4.00 lower.  Negotiated sales fob unless
otherwise noted.

Negotiated Sales:
This Week:  2700   Last Week:  2700     Last Year: 2500

Domestic Slaughter Lambs
Choice and Prime:
  Live Sales:
   Wooled and Shorn 135-190 lbs 90.00-114.00 (wtd avg 105.59).

  Dressed Sales:
   No sales reported.

Imported Slaughter Lambs
Choice and Prime:
  Live Sales:
   No sales reported.

Formula Purchases:
This Week:  14,100    Last Week:  14,000    Last Year:  17,000

Formula Prices established for previously slaughtered lambs.(carcass basis)
                             Domestic       Imported
Weighted Average Weight:      82.5 lbs       None reported.
Weighted Average Net Price:  193.10          None reported.

Formula Prices established for previously slaughtered lambs.(live basis)
                             Domestic       Imported
Weighted Average Weight: few 135.7 lbs    None reported.
Weighted Average Net Price:   97.05         None reported.

Forward Contract Purchases:
This Week:  0    Last Week:  0    Last Year: 0

  This report covers transactions reported this week.  Comments and market
conditions include information gathered from voluntary sources.  All prices,
weights, and head counts are gathered through the mandatory livestock reporting
system.

Source:  USDA Market News Service, St. Joseph, MO

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STAT News Service