Livestock Marketing Information Center

Current Situation and Analysis
Last Updated: 5/13/2019
U.S. MAY 1 HAY STOCKS DECLINE FOR 4th YEAR

High prices rationed hay disappearance between December 1 to May 1 to the lowest level since 2013/14 at 64 million tons. However, that still was not enough to prevent a year-over-year drop in the year ending hay inventory. As of May 1, total all hay inventories fell to their lowest level since 2014, and the second lowest on record (records date back to 1960). USDA-NASS reported in the May Crop Production report May 1 Hay stocks to be 14.91 million tons, down 3% from the prior year. 


more...
STRONG SPRING RALLY IN SLAUGHTER LAMB PRICES

Year-over-year declines in the number of lambs on-feed and quickly eroding frozen stocks of lamb have together translated into a strong spring seasonal increase in slaughter animal prices. In early May, the national weekly formula price of slaughter lambs was more than 7% above a year ago. If recent trends continue, the spring market rally will be much bigger than last year’s.


more...
CHICKEN INDUSTRY FORTUNES IMPROVE SUPPORTING EXPANSION

Chicken prices at the wholesale level have posted an impressive, if not astounding rally since late last year. The breast meat price quote in the Northeast by AMS during December was 88.72 cents per pound, up slightly from the lowest monthly average price in modern times of 85.30 cents. For the last month, breast meat prices have been holding close to $1.30 per pound. Similarly, wing prices ended last year around $1.45, but have crested the $2.00 mark on occasion during April and have been holding above $1.90 without a struggle.


more...