Market Summary - Week Ending November 5, 2004

Slaughter Prices - Negotiated, Live, wooled and shorn 88.81-92.75 $/cwt. for 130-150 lbs., dressed, load shorn 194 $/cwt. for 70-75 pound carcasses.

Slaughter Prices - Formula, 6,796 head (1) at 160.03-190.57 $/cwt. for 70 ave. lbs., 12,791 head at 164.65-190.57 $/cwt. for 76.50 ave. lbs.

Cutout value/Net carcass value (2), 193.59 $/cwt.

Carcass Price, Choice and Prime, YG 1-4, 6,068 head at 55-75 lbs. for 171-191 $/cwt., 3,391 head at 75-85 lbs. for 171-189 $/cwt., 628 head at 85 lbs. and up for 172-177 $/cwt.

Boxed Lamb, weighted average prices ($/cwt.), Trimmed 4" Loins 430.79, Hotel rack (3) 467.48, Leg (trotter off) 222.29, Ground lamb 282.20.

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)