Market Summary, Week ending March 11, 2005
March 18, 2005
Feeder Prices, San Angelo, 70-90 lbs. for 121-129 $/cwt., 90-100 lbs. for 115-120 $/cwt., 100-120 lbs. for 116-117.50 $/cwt., new crop 40-60 lbs. for 142-145 $/cwt., 60-70 lbs. for 141-144 $/cwt.
Slaughter Prices - Negotiated, Live, wooled and shorn 145-180 lbs. for 104.50-115 $/cwt., dressed, no trade reported.
Slaughter Prices - Formula, 11,843 head(1) at 200.02-221.41 $/cwt. for 72.40 ave. lbs., 11,351 head at 196.95-236.72 $/cwt. for 76.80 ave. lbs.
Cutout Value/Net Carcass Value (2), $238.05/cwt.
Carcass Price, Choice and Prime, YG 1-4, 1,875 head at 60-65 lbs. for 212-221 $/cwt., 11,340 head at 65-85 lbs. for 206.25-222 $/cwt., 1,708 head at 85 lbs. and up for 201.25-215 $/cwt.
Boxed Lamb, weighted average prices ($/cwt.), Trimmed 4" Loins 378.01, Hotel rack(3) 656.13, Leg (trotter off) 319.39, Ground lamb 292.96.
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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