Market Summary, Week ending March 4, 2005
March 11, 2005
Feeder Prices, San Angelo, 65-90 lbs. for 120-131 $/cwt., 90-100 lbs. for 111-124.50 $/cwt., 100-115 lbs. for 115-119 $/cwt., 120-125 lbs. for 110-113.50 $/cwt. Slaughter Prices - Negotiated, Live, wooled and shorn 135-175 lbs. for 104-115.05 $/cwt., dressed, no trade reported.
Slaughter Prices - Formula, 13,181 head(1) at 195.90-233.16 $/cwt. for 72.80 ave. lbs., 9,566 head at 196-232.96 $/cwt. for 78.10 ave. lbs.
Cutout Value/Net Carcass Value (2), $239.69/cwt.
Carcass Price, Choice and Prime, YG 1-4, 2,988 head at 55-65 lbs. for 211-221 $/cwt., 6,751 head at 65-75 lbs. for 198-221 $/cwt., 6,016 head at 75-85 lbs. for 206.85-222 $/cwt., 2,439 head at 85 lbs. and up for 198.81-213 $/cwt.
Boxed Lamb, weighted average prices ($/cwt.), Trimmed 4" Loins 386.99, Hotel rack(3) 651.32, Leg (trotter off) 320.22, Ground lamb 296.80.
Wool, Price ($/pound) Clean, Delivered, 19 micron (Grade 80's) 2.25, 20 micron (Grade 70's) 2.25, 21 micron (Grade 64-70's) 2.10-2.30, 22 micron (Grade 64's) 2.00-2.10, 23 micron (Grade 62's) 1.90-2.00, 24 micron (Grade 60-62's) 1.80, 25 micron (Grade 58's) 1.65, 26 micron (Grade 56-58's) 1.65, 27 micron (Grade 56's) 1.05.
(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 medium and heavy 8-Rib Rack.
(Source: USDA/Agricultural Marketing Service)
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