Market Summary - Week Ending October 1, 2004

Feeder Prices, Medium and Large 1-2, 40-60 lbs. for 122-125.50 $/cwt., 60-70 lbs. for 114-124 $/cwt., 70-80 lbs. for 112-117 $/cwt., 90-100 lbs. for 100-110 $/cwt.

Slaughter Prices - Negotiated, Live, wooled and shorn 85.64-97.45 $/cwt. for 115-155 lbs., dressed, no sales reported.

Slaughter Prices - Formula, 7,170 head (1) at 168.10-194.34 $/cwt. for 70.90 ave. lbs., 11,806 head at 167.03-194.34 $/cwt. for 76.9 ave. lbs.

Cutout value/Net carcass value (2), 189.81 $/cwt.

Carcass Price, Choice and Prime, YG 1-4, 1,423 head at 55-60 lbs. for 175-191 $/cwt., 6,999 head at 60-75 lbs. for 173-191 $/cwt., 3,631 head at 75-85 lbs. for 173-189 $/cwt., 1,153 head at 85 lbs. and up for 169-179 $/cwt.

Boxed Lamb, weighted average prices ($/cwt.), Trimmed 4" Loins 435.92, Hotel rack (3) 474.30, Leg (trotter off) 201.65, Ground lamb 284.74.

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)