West Virginia steers commanded a price premium compared to heifers during 2011, according to a recent West Virginia Department of Agriculture report. The West Virginia 2011 Steer and Heifer Prices report, released March 16, 2012, noted the monthly price difference between heifers and steers ranged from $8 to $15 per hundredweight last year.
Average monthly steer prices were between $119 and $140 per hundredweight during 2011, according to the report. In April prices reached their peak for the year at $140 per hundredweight. The lowest average monthly price of 2011 was reported in January. Steer prices in that month averaged $119 per hundredweight.
The yearly marketing of steers and heifers though West Virginia auctions peaked in October when 29% of the steers and heifers were marketed. The fewest animals were marketed in January and June when only 2% of the animals were sold in each month. In 2011, steers represented 44% of the animals marketed, weighing between 500-600 pounds, while heifers accounted for 56% of the animals marketed.
The information in the report was based on heifers and steers weighing between 500 and 600 pounds with grades medium 1, large 1, medium 2 and large 2. Marketing data were obtained from the Market News Report, published by the USDA Agricultural Marketing Service.
The West Virginia 2011 Lamb and Sheep Prices report also came out on March 16. Average Monthly Lamb Prices ranged between $165 and $220 per hundredweight for 2011. In March the Total Lamb Price reached $220 per hundredweight. This was the peak for the year. In September lamb prices got down to $165 per hundredweight, representing the lowest average monthly price for 2011.
The range for Average Monthly Sheep prices was between $49 and $88 per hundredweight for the year. The price peak came in February when prices reached $88 per hundredweight. Prices slumped to $49 in June, which posted the lowest average price per hundredweight for the year.
In June 18% of lambs and sheep were marketed. The fewest animals were marketed in February and March when only 1% of the animals were sold each month.
For more information on either the Lamb and Sheep Prices report or the Steer and Heifer Prices report, contact Lacey Radabaugh @ 304-558-2217. Readers can also email Radabaugh at email@example.com.