Market Summary - Week Ending Oct. 29, 2004

Feeder Prices, Medium and Large 1-2, 50-60 lbs. for 118-119 $/cwt., 60-70 lbs. for 114-117 $/cwt., 70-80 lbs. for 112-116 $/cwt.

Slaughter Prices - Negotiated, Live, wooled and shorn 85.29-92 $/cwt. for 130-150 lbs., dressed, no sales reported.

Slaughter Prices - Formula, 11,179 head (1) at 163.72-194 $/cwt. for 71.10 ave. lbs., 7,651 head at 163.58-190.23 $/cwt. for 79.30 ave. lbs.

Cutout value/Net carcass value (2), 194.12 $/cwt.

Carcass Price, Choice and Prime, YG 1-4, 1,140 head at 55-60 lbs. for 175.13-190 $/cwt., 1,219 head at 60-65 lbs. for 175.13-200 $/cwt., 4,259 head at 65-75 lbs. for 172-190 $/cwt., 3,471 head at 75-85 lbs. for 169-190 $/cwt., 959 head at 85 lbs. and up for 172-177 $/cwt.

Boxed Lamb, weighted average prices ($/cwt.), Trimmed 4" Loins 438.35, Hotel rack (3) 457.86, Leg (trotter off) 219.83, Ground lamb 284.10.

Wool, Price ($/pound) Clean, Delivered, Grade 70s (19.15-20.59 um) 2.30-2.50, 64s (20.60-22.04 um) 2.20-2.40, 62s (22.05-23.49 um) 1.90-2.20, 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)