U.S. National Lamb Market Update

ST. JOSEPH - Nov 24/09 - SNS -- The USDA issued its latest national report on lamb market conditions in the United States, showing market volume and prices.

NATIONAL DAILY LAMB REPORT (NEGOTIATED AND FORMULA PURCHASES) - DOMESTIC ONLY

*Today's trades not reportable because they did not meet the
confidentiality guideline for live lambs.  Below is the last reported
market as of 11/20/2009.*

Receipts:                Negotiated          Formula
This Period                 1,333              3,821
Week to Date                1,333             21,538
Last Week Total             2,879             18,702
Last Year Total             2,968             15,753

Comments:
  Compared to last Friday, negotiated cash sales of slaughter lambs were mostly
2.00 higher on light trading.  Not enough formulated sales of slaughter lambs
since Wednesday for an adequate market test, however a lower undertone is noted.

NEGOTIATED PURCHASES -  As of November 20, 2009

Slaughter Lambs:  Live Basis - Choice and Prime

           Head       Weight      Wtd Avg     Wtd Avg       Price        Wtd Avg
          Count        Range       Weight      Dr pct       Range         Price
Wooled
and       1,333       129-147       136.4       50.6     91.10-100.00      95.95
Shorn

FORMULA PURCHASES -  As of November 20, 2009

Slaughter Lambs:  Carcass Basis - Choice and Prime

           Head       Weight      Wtd Avg     Wtd Avg       Price        Wtd Avg
          Count        Range       Weight      Dr pct       Range         Price
                   under 55 lbs                               -
            443       55-65 lbs      61.5       49.3    181.49-191.50     187.76
          1,240       65-75 lbs      72.0       50.5    184.59-192.67     189.00
          1,778       75-85 lbs      78.2       50.4    180.00-196.88     186.95
            360     over 85 lbs      86.2       50.4    189.98-189.98     189.98

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

---

STAT News Service