Market Summary - Week Ending July 16, 2004

Feeder Prices, Medium and Large 1-2, 40-60 lbs. for 118-125 $/cwt., 60-70 lbs. for 108-119 $/cwt., 70-85 lbs. for 107-113.50 $/cwt., 90-100 lbs. for 106-109 $/cwt.

Slaughter Prices - Negotiated, Live, wooled and shorn 99.50-115.75 $/cwt. for 120-150 lbs., dressed, few loads wooled and shorn 204-210 $/cwt. for 60-80 lbs.

Slaughter Prices - Formula, 10,541 head (1) at 180.91-214 $/cwt. for 70.30 ave. lbs., 2,476 head at 183.01-213 $/cwt. for 79.40 ave. lbs.

Carcass Price, Choice and Prime, YG 1-4, 8,185 head at 55-75 lbs. for 191-204 $/cwt., 2,231 head at 75-85 lbs. for 191-203 $/cwt., 381 head at 85 lbs. and up for 191-198 $/cwt.

Boxed Lamb, weighted average prices ($/cwt.), Trimmed 4" Loins 468.49, Hotel rack (2) 516.21, Leg (trotter off) 214.89, Ground lamb 283.75.

Wool, Price ($/pound) Clean, Delivered, Grade 70s (19.15-20.59 um) 2.30-2.65, 64s (20.60-22.04 um) 2.20-2.50, 62s (22.05-23.49 um) 2.00-2.30, 60s (23.50-24.94 um) 1.70-2.00, 58s (24.95-26.39 um) 1.60-1.90.

(1) Prices reported for the two weight categories of the largest volume traded.

(2) Average of light, medium and heavy 8-Rib Rack.

(Source: USDA/Agricultural Marketing Service)

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