Market Summary - Week Ending September 17, 2004

September 24, 2004

Feeder Prices, Medium and Large 1-2, 40-60 lbs. for 120-130 $/cwt., 60-70 lbs. for 117-131 $/cwt., 70-80 lbs. for 111-128 $/cwt., 80-90 lbs. for 110-117 $/cwt.

Slaughter Prices - Negotiated, Live, wooled and shorn 88-102 $/cwt. for 130-150 lbs., dressed, none.

Slaughter Prices - Formula, 12,053 head (1) at 170.38-194.34 $/cwt. for 71.90 ave. lbs., 4,551 head at 172.37-194.34 $/cwt. for 79.30 ave. lbs.

Cutout value/Net carcass value (2), 187.06 $/cwt.

Carcass Price, Choice and Prime, YG 1-4, 2,848 head at 55-65 lbs. for 172-193 $/cwt., 7,520 head at 65-85 lbs. for 173-193 $/cwt., 872 head at 85 lbs. and up for 176-185 $/cwt.

Boxed Lamb, weighted average prices ($/cwt.), Trimmed 4" Loins 441.37, Hotel rack (3) 484.93, Leg (trotter off) 190.64, Ground lamb 285.24.

Wool, Price ($/lb.) Clean, Delivered, Grade 70s (19.15-20.59 um) 2.40-2.75, 64s (20.60-22.04 um) 2.30-2.50, 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) The cutout value is the same as a net carcass value. It is a composite value that sums the value of the respective lamb cuts multiplied by their weights. It is also the gross carcass value less processing and packaging costs.

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

(Source: USDA/Agricultural Marketing Service)



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