Market Summary, Week ending February 11, 2005

Feeder Prices, San Angelo, 50-60 pounds for 133-138 $/cwt., 60-70 pounds for 134-143 $/cwt., 70-90 pounds for 126.50-139 $/cwt., 90-100 pounds for 115-130.50 $/cwt.

Slaughter Prices - Negotiated, Live, wooled and shorn 120-170 pounds for 104-114.50 $/cwt., dressed, no trade reported.

Slaughter Prices - Formula, 8,456 head(1) at 181.73-223.50 $/cwt. for 70.50 ave. pounds, 13,841 head at 177.18-225.06 $/cwt. for 77.70 ave. pounds.

Cutout value/Net carcass value (2), $230.37/cwt.

Carcass Price, Choice and Prime, YG 1-4, 988 head at 55-60 pounds for 212-222 $/cwt., 7,664 head at 60-75 pounds for 207-222 $/cwt., 5,346 head at 75-85 pounds for 205.99-222 $/cwt., 1,626 head at 85 pounds and up for 198.04-217 $/cwt.

Boxed Lamb, weighted average prices ($/cwt.), Trimmed 4" Loins 374.19, Hotel rack(3) 653.90, Leg (trotter off) 293.56, Ground lamb 290.83.

Wool, Price ($/pound) Clean, Delivered, micron 19 (Grade 80?s) 2.25-2.65, micron 20 (Grade 70?s) 2.25-2.43, micron 21 (Grade 64-70?s) 2.05-2.43, micron 22 (Grade 64?s) 2.10-2.15, micron 23 (Grade 62?s) 2.00, micron 24 (Grade 60-62?s) 1.75, micron 25 (Grade 58?s) 1.60, micron 26 (Grade 56-58?s) 1.55, micron 27 (Grade 56?s) 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.