Market Summary, Week ending May 9, 2008
May 16, 2008
The updated Market Summary can be accessed each Monday at www.sheepusa.org. Feeder Prices, San Angelo, new crop 45-95 lbs. 112-119.50 $/cwt., large set 63 lbs. for $122/cwt.
Slaughter Prices - Negotiated, Live, wooled and shorn 135-190 lbs. for 90-114 $/cwt., dressed, no sales reported.
Slaughter Prices - Formula, Carcass Basis, 4,050 head(1) at 179.59-203.06 $/cwt. for 79.10 ave. lbs., 6,069 head at 173.53-201.48 $/cwt. for 87.80 ave. lbs.; Live Basis, $97.05/cwt. for 135.70 lbs.
Equity Electronic Auction, shorn and wooled 125 lbs. for $104.75/cwt.
Cutout Value/Net Carcass Value(2), $218.55/cwt.
Carcass Price, Choice and Prime, YG 1-4, weighted averages, 854 head at 55-65 lbs. for $227.70/cwt., 1,169 head at 65-75 lbs. for $205.56/cwt., 1,768 head at 75-85 lbs. for $199.95/cwt., 2,239 head at 85 lbs. and up for $188.62/cwt.
Boxed Lamb, weighted average prices ($/cwt.), Trimmed 4" Loins 387.34, Hotel rack(3) 555.97, Leg (trotter off) 269.38, Ground lamb 336.26.
Wool, Price ($/lb.) Clean, Delivered, 18 micron (Grade 80s) no prices reported, 19 micron (Grade 80?s) 3.46-3.78, 20 micron (Grade 70?s) 3.15-3.43, 21 micron (Grade 64-70?s) 3.17-3.45, 22 micron (Grade 64?s) 3.00-3.28, 23 micron (Grade 62?s) 2.94-3.20, 24 micron (Grade 60-62?s) 2.66-2.67, 25 micron (Grade 58?s) 2.22-2.35, 26 micron (Grade 56-58?s) 2.19, 27 micron (Grade 56?s) 1.86.
(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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