Market Summary - Week Ending Jan. 7, 2005
January 14, 2005
Feeder Prices, San Angelo, 132-142 $/cwt. for 40-60 lbs., 134-140 $/cwt. for 60-70 lbs.,128-130 $/cwt. for 70-80 lbs.
Slaughter Prices - Negotiated, Live, wooled and shorn 93-106 $/cwt. for 120-180 lbs., dressed, no sales reported.
Slaughter Prices - Formula, 4,415 head (1) at 172.33-192.42 $/cwt. for 71 ave. lbs., 10,584 head at 167.24-189 $/cwt. for 79.50 ave. lbs.
Cutout value/Net carcass value (2) 214.11 $/cwt.
Carcass Price, Choice and Prime, YG 1-4, 1,294 head at 55-60 lbs. for 188-215 $/cwt., 1,975 head at 60-65 lbs. for 188-225 $/cwt., 7,009 head at 65-75 lbs. for 187-206 $/cwt., 6,008 head at 75-85 lbs. for 185-206 $/cwt., 2,117 head at 85 lbs. and up for 160-196 $/cwt.
Boxed Lamb, weighted average prices ($/cwt.), Trimmed 4" Loins 381.53, Hotel rack (3) 613.94, Leg (trotter off) 264.66, Ground lamb 293.72.
Wool, Price ($/pound) 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)
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