Market Summary - Week Ending November 26, 2004

December 3, 2004

Feeder Prices, San Angelo, no sale, Midwest, Medium and Large 1-2, 40-60 lbs. for 133-138 $/cwt., 60-80 lbs. for 105-120 $/cwt., 80-110 lbs. for 95-109 $/cwt.

Slaughter Prices - Negotiated, Live, wooled and shorn 89.70-100 $/cwt. for 100-150 lbs., dressed, no sales reported.

Slaughter Prices - Formula, 11,015 head (1) at 166.78-186 $/cwt. for 72.60 ave. lbs., 6,745 head at 166.28-186 $/cwt. for 78.40 ave. lbs.

Cutout value/Net carcass value (2), 196.61 $/cwt.

Carcass Price, Choice and Prime, YG 1-4, 504 head at 60-65 lbs. for 179-190 $/cwt., 4,329 head at 65-85 lbs. for 179-194 $/cwt., 560 head at 85 lbs. and up for 174-182 $/cwt.

Boxed Lamb, weighted average prices ($/cwt.), Trimmed 4" Loins 426.32, Hotel rack (3) 469.60, Leg (trotter off) 240.95, Ground lamb 283.22.

Wool, Price ($/lb.) 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)



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