Market Summary, Week ending June 17, 2005

Feeder Prices, San Angelo, 40-60 lbs. for 130-136 $/cwt., 60-70 lbs. for 130-135.50 $/cwt., 70-90 lbs. for 128-135.50 $/cwt., 90-110 lbs. for 120-128 $/cwt.
Slaughter Prices - Negotiated, Live, wooled and shorn 120-185 lbs. for 105-120.20 $/cwt., dressed, no trade reported.
Slaughter Prices - Formula, 7,719 head(1) at 201.80-229.72 $/cwt. for 69.40 ave. lbs., 9,367 head at 197.39-232.30 $/cwt. for 80.20 ave. lbs.
Cutout Value/Net Carcass Value (2), $226.56/cwt.
Carcass Price, Choice and Prime, YG 1-4, 4,044 head at 55-65 lbs. for 217-242 $/cwt., 5,371 head at 65-75 lbs. for 218-236 $/cwt., 4,238 head at 75-85 lbs. for 218-229 $/cwt., 1,988 head at 85 lbs. and up for 210-224 $/cwt.
Boxed Lamb, weighted average prices ($/cwt.), Trimmed 4" Loins 478.33, Hotel rack(3) 658.07, Leg (trotter off) 247.41, Ground lamb 297.42.
Wool, Price ($/pound) Clean, Delivered, 19 micron (Grade 80?s) 2.21-2.27, 20 micron (Grade 70?s) 2.04-2.20, 21 micron (Grade 64-70?s) 1.98-2.00, 22 micron (Grade 64?s) 1.88-1.90, 23 micron (Grade 62?s) 1.77-1.91, 24 micron (Grade 60-62?s) 1.46-1.55, 25 micron (Grade 58?s) 1.29-1.49, 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)