Market Summary - Week Ending January 14, 2005

Feeder Prices, San Angelo, 68 lbs. for $131/cwt., 83 lbs. for $125/cwt., 90-115 lbs. for 111-123 $/cwt.

Slaughter Prices - Negotiated, Live, wooled and shorn 98-108.50 $/cwt. for 135-170 lbs., dressed, no sales reported.

Slaughter Prices - Formula, 5,662 head (1) at 174.27-207.84 $/cwt. for 70.5 ave. lbs., 12,949 head at 174.49-197.24 $/cwt. for 79.70 ave. lbs.

Cutout value/Net carcass value (2) 215.87 $/cwt.

Carcass Price, Choice and Prime, YG 1-4, 1,942 head at 55-65 lbs. for 184-211 $/cwt., 4,445 head at 65-75 lbs. for 179-211 $/cwt., 4,797 head at 75-85 lbs. for 178-211 $/cwt., 2,652 head at 85 lbs. and up for 177-201 $/cwt.

Boxed Lamb, weighted average prices ($/cwt.), Trimmed 4" Loins 381.77, Hotel rack (3) 620.01, Leg (trotter off) 261.01, Ground lamb 286.84.

Wool, Price ($/lb.) Clean, Delivered, micron 19-20 (Grade 70 and 64) 2.25, micron 21 (Grade 64) 2.25-2.30, micron 22 (Grade 64 & 62) 2.10-2.15, micron 23 (Grade 62 & 60) 1.80-2.00, micron 24 (Grade 60 & 58) 1.75, micron 25 (Grade 58) 1.60, micron 26 (Grade 58 & 56) 1.55, micron 27 (Grade 56 & 54) 1.40.

(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)