FOR IMMEDIATE RELEASE:
Contact: Joe Morse
Monday, April 28, 2008
2007 MEAT ANIMAL MARKETINGS AND GROSS INCOME
New York livestock producers marketed 203 million pounds of meat animals during 2007, down 14 percent from the 2006 total of 236 million pounds, according to Stephen Ropel, Director of USDA=s National Agricultural Statistics Service, New York office. Cattle and calves marketed were down 16 percent from a year earlier. Hogs and pigs were 6 percent lower, and sheep and lambs decreased 20 percent from the poundage sold in 2006. Meat animal cash receipts, totaling $119 million, were down 31 percent from 2006.
Gross income from livestock during 2007, which includes the sale of meat animals and the value of home consumption, totaled $122 million, down 30 percent from a year earlier. Cattle and calves accounted for 88 percent of this total.
Calf prices, averaging $104.00 per hundred pounds live-weight (cwt.) were down 28 percent from 2006. Cattle prices, at an average of $46.00 per cwt. during 2007, were up 4 percent. Gross income from cattle and calves during 2007 totaled $108 million, down 33 percent from a year earlier.
Hog and pig prices averaged $36.60 per cwt. in 2007, down 4 percent from the previous year. Gross income from hogs and pigs during 2007 totaled $11.1 million, down 1 percent from 2006.
Sheep prices averaged $44.80 per cwt., down 3 percent from 2006. Lamb prices averaged $103.00 per cwt., 3 percent lower than during 2006. Gross income from sheep and lambs during 2007 totaled $3.5 million, up 13 percent from 2006.
At the national level, 2007 gross income from cattle and calves, hogs and pigs, and sheep and lambs for the U.S. totaled $65.5 billion, up 2 percent from 2006. Gross income increased for cattle and calves, hogs and pigs, and sheep and lambs. Cattle and calves increased 1 percent, hogs and pigs increased 5 percent, and sheep and lambs increased slightly.