Market Summary, Week ending May 23, 2008
May 30, 2008
The updated Market Summary can be accessed each Monday at www.sheepusa.org. Feeder Prices, San Angelo, new crop 60-95 lbs. for 114.50-121.50 $/cwt., 75 lbs. for $123/cwt.
Slaughter Prices - Negotiated, Live, wooled and shorn 120-155 lbs. for 93-112 $/cwt., dressed, no sales reported.
Slaughter Prices - Formula, Carcass Basis, 2,176 head(1) at 175.08-200 $/cwt. for 71.50 ave. lbs., 8,382 head at 179.25-204.46 $/cwt. for 81.80 ave. lbs.; Live Basis, $100/cwt. for 158 lbs.
Equity Electronic Auction, shorn and wooled 125 lbs. for $107/cwt., shorn 135 lbs. for $113.75/cwt.
Cutout Value/Net Carcass Value(2), $223.84/cwt.
Carcass Price, Choice and Prime, YG 1-4, weighted averages, 506 head at 55-65 lbs. for $234.11/cwt., 743 head at 65-75 lbs. for $212.98/cwt., 1,246 head at 75-85 lbs. for $206.21/cwt., 2,045 head at 85 lbs. and up for $193.02/cwt.
Boxed Lamb, weighted average prices ($/cwt.), Trimmed 4" Loins 415.65, Hotel rack(3) 585.76, Leg (trotter off) 265.01, Ground lamb 339.58.
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) 2.67-2.90, 25 micron (Grade 58?s) 2.22-2.35, 26 micron (Grade 56-58?s) 2.08, 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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