Market Summary, Week ending July 4, 2008
July 11, 2008
The updated Market Summary can be accessed each Monday at www.sheepusa.org.
Feeder Prices, no test or auctions closed for holiday-shortened week.
Slaughter Prices - Negotiated, Live, wooled and shorn 120-155 lbs. for 110-121 $/cwt., dressed, no sales reported.
Slaughter Prices - Formula, Carcass Basis, 7,547 head(1) at 200-233.74 $/cwt. for 70 ave. lbs., 3,577 head at 205.47-230.32 $/cwt. for 77.5 ave. lbs.; Live Basis, $114.40/cwt. for 129.7 lbs.
Equity Electronic Auction, ND: wooled new crop 140 lbs. for $116.75/cwt.; KS: wooled 142 lbs. for $117.25/cwt.
Cutout Value/Net Carcass Value(2), $243.63/cwt.
Carcass Price, Choice and Prime, YG 1-4, weighted averages, No test.
Boxed Lamb, weighted average prices ($/cwt.), Trimmed 4" Loins 506.00, Hotel rack(3) 564.61, Leg (trotter off) 264.89, Ground lamb 352.10.
Wool, Price ($/lb.) Clean, Delivered, Prices from 3 weeks ago: 18 micron (Grade 80s) no prices reported, 19 micron (Grade 80s) no prices reported, 20 micron (Grade 70s) 3.04, 21 micron (Grade 64-70s) 2.78-2.91, 22 micron (Grade 64s) 2.76-2.85, 23 micron (Grade 62s) 2.61-2.72, 24 micron (Grade 60-62s) 2.35, 25 micron (Grade 58s) 2.25-2.33, 26 micron (Grade 56-58s) no prices reported, 27 micron (Grade 56s) 1.51.
(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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