Market Summary - Week Ending December 10, 2004

December 17, 2004

Feeder Prices, San Angelo, Medium and Large 1-2, 40-60 lbs. for 128-135 $/cwt., 60-70 lbs. 120-130 $/cwt., 70-85 lbs. 114-124 $/cwt.

Slaughter Prices - Negotiated, Live, wooled and shorn 89.50-98 $/cwt. for 125-175 lbs., dressed, no sales reported.

Slaughter Prices - Formula, 8,454 head (1) at 167.96-190 $/cwt. for 73.1 ave. lbs., 9,721 head at 167.76-189 $/cwt. for 78.20 ave. lbs.

Cutout value/Net carcass value (2) 207.69 $/cwt.

Carcass Price, Choice and Prime, YG 1-4, 784 head at 55-60 lbs. for 183-202 $/cwt., 772 head at 60-65 lbs. for 183-201 $/cwt., 3,967 head at 65-75 lbs. for 183-199 $/cwt., 3,913 head at 75-85 lbs. for 183-196 $/cwt., 1,067 head at 85 lbs. and up for 178-186 $/cwt.

Boxed Lamb, weighted average prices ($/cwt.), Trimmed 4" Loins 394.27, Hotel rack (3) 534.73, Leg (trotter off) 261.48, Ground lamb 288.38.

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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