Market Summary, Week ending October 21, 2005
October 28, 2005
Feeder Prices, San Angelo, 55-70 lbs. for 120-124 $/cwt., 70-90 lbs. for 115-120 $/cwt., 90-100 lbs. for 110-115 $/cwt.
Slaughter Prices - Negotiated, Live, wooled and shorn 130-155 lbs. for 95.43-110 $/cwt., dressed, no sales reported.
Slaughter Prices - Formula, 5,278 head(1) at 184-203.44 $/cwt. for 71.60 ave. lbs., 16,724 head at 184-207.71 $/cwt. for 78 ave. lbs.
Cutout value/Net carcass value (2), 217.54 $/cwt.
Carcass Price, Choice and Prime, YG 1-4, 1,313 head at 55-60 lbs. for 188-212 $/cwt., 1,495 head at 60-65 lbs. for 191-212 $/cwt., 10,424 head at 65-85 lbs. for 188-209 $/cwt., 1,291 head at 85 lbs. and up for 188-199 $/cwt.
Boxed Lamb, weighted average prices ($/cwt.), Trimmed 4" Loins 435.75, Hotel rack(3) 620.96, Leg (trotter off) 233.36, Ground lamb 296.74.
Wool, Price ($/lb.) Clean, Delivered, 22 micron (Grade 64's) 1.82, 23 micron (Grade 62's) 1.72, 25 micron (Grade 58's) 1.40, No other 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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