April 27, 2006

Livestock Cash Receipts UP 4 Percent in Wyoming

Wyoming: Wyoming stock growers received $814.9 million in cash receipts from cattle, sheep, and hog sales during 2006, up 4 percent from the previous year’s $785.1 million, according to Nancy Hussey with the Wyoming Field Office of USDA NASS. The higher cash receipts were due to more pounds marketed for all cattle and all hogs. The increase was led by an increase in marketings of cattle.

Cattle and calf marketing receipts, at $762.6 million, accounted for 94 percent of the total receipts. Cattle receipts were up 5 percent from 2005. The average price for calves marketed was down $9.00 per 100 pounds live weight (cwt.) to $131.00, and cattle prices decreased $3.10 to $98.90 per cwt. However, pounds marketed were up 9 percent. The 2006 calf crop was up 1 percent from 2005.

Hog and pig sales in 2006 totaled $28.3 million, up 1 percent from last year. Marketings increased 19 percent from 2005. The average price decreased by $5.50 from $46.60 per cwt. in 2005 to $41.10 in 2006. The 2006 pig crop was 2 percent smaller than in 2005.

Cash receipts for sheep and lambs marketed in 2006 totaled $24.0 million, down 20 percent from 2005. The pounds of sheep and lambs marketed decreased 6 percent to 29.0 million pounds. The average price for lambs marketed was down $14.00 per cwt. to $107.00. Sheep prices decreased $15.10 to $30.80 per cwt. The lamb crop was up 3 percent from 2005.

United States: Total 2006 cash receipts from marketings of meat animals decreased 2 percent to $63.7 billion. Cattle and calves accounted for 77 percent of this total, hogs and pigs 22 percent, and sheep and lambs 1 percent. Production increased for all cattle and calves and hogs and pigs. Production decreased for sheep and lambs. Average prices were down for all three species.

Cattle and Calves: Cash receipts from marketings of cattle and calves decreased slightly from $49.3 billion in 2005 to $49.1 in 2006. All cattle and calf marketings totaled 54.7 billion pounds in 2006, up 3 percent from 2005. The U.S. annual average price per 100 pounds live weight for cattle was $87.20, a decrease of $2.50 from 2005. For calves, the annual average price decreased from $135.00 to $133.00.

Hogs and Pigs: Cash receipts from hogs and pigs totaled $14.1 billion during 2006, down 6 percent from 2005. Marketings totaled 29.2 billion pounds in 2006, up 3 percent from 2005. The U.S. annual average price per 100 pounds live weight decreased from $50.20 in 2005 to $46.00 in 2006.

Sheep and Lambs: Cash receipts from marketings of sheep and lambs in 2006 were $481 million, down 15 percent from 2005. Marketings decreased slightly to 569 million pounds. The U.S. annual average price per 100 pounds live weight for sheep decreased from $45.10 in 2005 to $35.20 in 2006. For lambs, the annual average price decreased from $110.00 to $95.50.