Market Summary, Week ending June 10, 2005
June 17, 2005
Feeder Prices, San Angelo, 60-70 lbs. for 125-135 $/cwt., 70-80 lbs. for 127.50-135.50 $/cwt., 80-90 lbs. for 126.50-136 $/cwt.
Slaughter Prices - Negotiated, Live, wooled and shorn 120-175 lbs. for 105-120 $/cwt., dressed, no trade reported.
Slaughter Prices - Formula, 4,597 head(1) at 196-237.14 $/cwt. for 70.60 ave. lbs., 8,242 head at 197.39-230 $/cwt. for 79.50 ave. lbs.
Cutout Value/Net Carcass Value (2), $227.68/cwt.
Carcass Price, Choice and Prime, YG 1-4, 1,118 head at 60-65 lbs. for 213-248 $/cwt., 3,706 head at 65-75 lbs. for 212-236 $/cwt., 3,926 head at 75-85 lbs. for 211-236 $/cwt., 2,783 head at 85 lbs. and up for 203-224 $/cwt.
Boxed Lamb, weighted average prices ($/cwt.), Trimmed 4" Loins 461.73, Hotel rack(3) 642.04, Leg (trotter off) 255.47, Ground lamb 292.98.
Wool, Price ($/pound) Clean, Delivered, 19 micron (Grade 80?s) 2.21-2.40, 20 micron (Grade 70?s) 1.95-2.40, 21 micron (Grade 64-70?s) 1.90-1.94, 22 micron (Grade 64?s) 1.78-1.86, 23 micron (Grade 62?s) 1.75-1.91, 24 micron (Grade 60-62?s) 1.43-1.55, 25 micron (Grade 58?s) 1.23-1.49, 26 micron (Grade 56-58?s) 1.03-1.54, 27 micron (Grade 56?s) no prices reported.
(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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