Provincial live lamb prices reported by Statistics Canada show an annual decrease in 2022 compared to 2021 for all provinces except Alberta, says Ann Boyda, provincial livestock market analyst with the Alberta government.
“Alberta average live weight price was reported at $242.44 per hundredweight for 2022, up 4.7 per cent from 2021. Ontario has normally been the benchmark market for western pricing. Quebec reported an average live lamb price of $286.98 per cwt., down seven per cent from 2021.”
Auction market price volatility increased in 2021 and 2022. In 2021, the average weekly price for heavy lambs peaked in January at $396.50 per cwt., but declined to a low of $182.50 during the first week of October.
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In 2022, the average weekly price for heavy lambs rose to $316.50 per cwt. in the first week of May but plummeted to a low of $134 in mid-August. Light lamb prices experienced even more dramatic swings in 2022.
Boyda said provincial slaughter followed a seasonal trend in 2022 but the total slaughter volume of 22,980 head was eight per cent lower than 2021, nearly 23 per cent lower than 2020 and almost 11 per cent lower than the five-year average.
“Alberta has maintained a relatively stable market in light of the recent sale of an Alberta lamb processing plant and Iron Springs feedlot to Préval Ag,” says Boyda.
“The Quebec-based company is recognized as a leader in the agri-food industry (veal, beef, lamb, field crops, horticulture and grain processing). With Préval Ag’s strong foothold in the international market, the future for the Alberta lamb sector looks brighter.”
