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LAMBS
Lamb prices should level off some after a drop of $2.35 to $22. 45 in Virginia last week, but they may end up down a little more. Prices in the Valley probably will drop off to nearer Southwest Virginia prices. They have been running some higher.
Alfter this week, prices probably will continue their historic slide They’ve been up longer than usual already^ and quality is declining where it has been unusually good, crop had been marketed by the end of last week. . Note: This is a good time to buy ewe lambs for breeding stock. Sheep are about the surest bet to make money of any livestock in the long run. -
CATTLE
Sell late calves-with dairy blood as veal now, but don’t let them run over about 220 pounds. Price trend is down, and heavy calves are discounted severely.
You might take a look at your lower quality beef heifer calves to see if they wouldn’t make more money as veal now, considering your particular hay and pasture situation. ', -
Hot weather and heavy receipts dropped veal prices $1 last week, to an average of $20.65 on Virginia auctions. |
BROILERS
There isn’t a whole lot in sight for broilers except more of the same. Virginia markets, at 18 cents early last week moved up to' a strong 19 and Georgia closed at 19 after a. weak start.
Virginia supplies will start to come down this week or next in the long-time trend, but the rest of the nation continues up through I a short plateau in July until the end of August or early September. Until then, supplies will be 20% or more above last year.
EGGS
Egg prospects for early fall look better than they did a while ago. A new check of flock replacements, on farms shows about 1 % more than a year ago.
Even with increased rate of lay, egg market should be at least as good as last year early in the fall, and close to last year later. * This is the way prospects for Virginiafarm prices looked to the Virginia Department of Agriculture on Friday. The Department offers it to farmers with the warning that no one can predict prices and be right all the time.
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