Market Summary - Week Ending September 17, 2004

Feeder Prices, Medium and Large 1-2, 40-60 lbs. for 122-129 $/cwt., 60-70 lbs. for 118-123 $/cwt., 70-80 lbs. for 112.50-118 $/cwt., 80-90 lbs. for 109.50-116 $/cwt.

Slaughter Prices - Negotiated, Live, wooled and shorn 87.80-102 $/cwt. for 120-170 lbs., dressed, load wooled 200 $/cwt. for 65-70 lbs.

Slaughter Prices - Formula, 6,740 head (1) at 166.01-189 $/cwt. for 70.30 ave. lbs., 10,210 head at 168.72-194.34 $/cwt. for 77.60 ave. lbs.

Cutout value/Net carcass value (2), 188.01 $/cwt.

Carcass Price, Choice and Prime, YG 1-4, 2,113 head at 55-60 lbs. for 175-200 $/cwt., 7,714 head at 60-75 lbs. for 173-191 $/cwt., 3,536 head at 75-85 lbs. for 178-189 $/cwt., 1,057 head at 85 lbs. and up for 169-182 $/cwt.

Boxed Lamb, weighted average prices ($/cwt.), Trimmed 4" Loins 429.38, Hotel rack (3) 492.29, Leg (trotter off) 197.76, Ground lamb 284.71.

Wool, Price ($/pound) 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)