Market Summary - Week Ending October 8, 2004

Feeder Prices, Medium and Large 1-2, 40-60 lbs. for 120-127 $/cwt., 60-70 lbs. for 118-123 $/cwt., 70-80 lbs. for 114-119.50 $/cwt., 90-100 lbs. for 100-112 $/cwt.

Slaughter Prices - Negotiated, Live, wooled and shorn 86.87-102 $/cwt. for 130-160 lbs., dressed, no sales reported.

Slaughter Prices - Formula, 5,721 head (1) at 167.01-194.34 $/cwt. for 70.60 ave. lbs., 9,881 head at 166.16-193.58 $/cwt. for 77.0 ave. lbs.

Cutout value/Net carcass value (2), 189.84 $/cwt.

Carcass Price, Choice and Prime, YG 1-4, 1,699 head at 55-60 lbs. for 169-200 $/cwt., 6,662 head at 60-75 lbs. for 169-191 $/cwt., 2,896 head at 75-85 lbs. for 169-189 $/cwt., 667 head at 85 lbs. and up for 166-179 $/cwt.

Boxed Lamb, weighted average prices ($/cwt.), Trimmed 4" Loins 430.11, Hotel rack (3) 476.35, Leg (trotter off) 205.40, Ground lamb 284.30.

Wool, Price ($/pound) Clean, Delivered, Grade 70s (19.15-20.59 um) 2.40-2.60, 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) 1.70-1.90, 58s (24.95-26.39 um) 1.50-1.70.

(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)