Market Summary, Week ending June 24, 2005
July 1, 2005
Feeder Prices, San Angelo, 50-60 lbs. for 130-132 $/cwt., 60-90 lbs. for 128-136.50 $/cwt., 90-100 lbs. for 124-130.50 $/cwt.
Slaughter Prices - Negotiated, Live, wooled and shorn 114-175 lbs. for 102-118 $/cwt., dressed, no trade reported.
Slaughter Prices - Formula, 9,442 head(1) at 211.32-232.60 $/cwt. for 70.40 ave. lbs., 8,552 head at 205.70-235.72 $/cwt. for 79.00 ave. lbs.
Cutout Value/Net Carcass Value (2), $225.74/cwt.
Carcass Price, Choice and Prime, YG 1-4, 1,624 head at 60-65 lbs. for 221-250 $/cwt., 4,754 head at 65-75 lbs. for 221-243 $/cwt., 4,052 head at 75-85 lbs. for 221-240 $/cwt., 1,688 head at 85 lbs. and up for 214-226 $/cwt.
Boxed Lamb, weighted average prices ($/cwt.), Trimmed 4" Loins 432.18, Hotel rack(3) 663.95, Leg (trotter off) 247.43, Ground lamb 294.96.
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)
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