U.S. National Lamb Market Update

ST. JOSEPH - Jul 11/05 - 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
Receipts:                Negotiated          Formula
This Period                 2,776                  0
Week to Date                2,776                  0
Last Week Total             3,739             15,145
Last Year Total             8,412             13,222
Comments:
  Compared to Friday, cash sales of slaughter lambs were mostly steady on
moderate trading.  Not enough formulated sales today to estalbish a market.
The latest formula market is printed below.
NEGOTIATED PURCHASES -
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       2,776       125-155       146.5       51.6    102.00-117.00     108.72
Shorn
FORMULA PURCHASES -  As of July 8, 2005
Slaughter Lambs:  Carcass Basis - Choice and Prime
           Head       Weight      Wtd Avg     Wtd Avg       Price        Wtd Avg
          Count        Range       Weight      Dr pct       Range         Price
             56    under 55 lbs      50.2       46.4    216.44-216.44     216.44
            624       55-65 lbs      58.1       48.9    209.27-220.00     210.93
            593       65-75 lbs      68.7       49.2    220.00-223.91     222.45
          2,325       75-85 lbs      79.1       51.6    217.56-222.92     220.63
                    over 85 lbs                               -
Source:   USDA Market News Service, St. Joseph, MO

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