Market Summary, Week ending July 8, 2005
July 15, 2005
Feeder Prices, San Angelo, no prices reported, Midwest, 50-70 lbs. for 118-133 $/cwt., 70-90 lbs. for 103-126 $/cwt., 98 lbs. for 110.50 $/cwt.
Slaughter Prices - Negotiated, Live, wooled and shorn 125-155 lbs. for 102-117 $/cwt., dressed, no sales reported.
Slaughter Prices - Formula, 11,852 head(1) at 202-229.37 $/cwt. for 71.40 ave. lbs., 3,294 head at 208.72-225.24 $/cwt. for 78.30 ave. lbs.
Cutout Value/Net Carcass Value (2), $225.73/cwt.
Carcass Price, Choice and Prime, YG 1-4, 1,835 head at 55-65 lbs. for 221-242 $/cwt., 4,464 head at 65-75 lbs. for 221-231 $/cwt., 3,899 head at 75-85 lbs. for 220-231 $/cwt., 1,511 head at 85 lbs. and up for 214-225 $/cwt.
Boxed Lamb, weighted average prices ($/cwt.), Trimmed 4" Loins 474.29, Hotel rack(3) 658.13, Leg (trotter off) 241.06, Ground lamb 297.13.
Wool, Price ($/pound) Clean, Delivered, 19 micron (Grade 80?s) 2.21-2.27, 20 micron (Grade 70?s) 2.04-2.07, 21 micron (Grade 64-70?s) 1.98-2.00, 22 micron (Grade 64?s) 1.83-1.90, 23 micron (Grade 62?s) 1.73, 24 micron (Grade 60-62?s) 1.43, 25 micron (Grade 58?s) 1.23, 26 micron (Grade 56-58?s) 1.03, 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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