Market Summary, Week ending February 8, 2008

Feeder Prices, San Angelo, 60-70 lbs. for 105-113 $/cwt., 70-90 $/cwt. for 108-114 $/cwt., 90-100 lbs. for 101-111.50 $/cwt.
Slaughter Prices - Negotiated, Live, wooled and shorn 130-160 lbs. for 87.57-105.75 $/cwt.; dressed, no sales reported.
Slaughter Prices - Formula, Carcass Basis, 9,432 head⁽¹⁾ at 187.54-206.42 $/cwt. for 72.4 ave. lbs., 10,268 head at 177.48-208.49 $/cwt. for 80.2 ave. lbs.; Live Basis, $98.47/cwt. for 148.9 lbs.
Equity Electronic Auction, shorn and wooled 125 lbs. for $93/cwt.
Cutout Value/Net Carcass Value⁽²⁾, $224.70/cwt.
Carcass Price, Choice and Prime, YG 1-4, weighted averages, 1,063 head at 55-65 lbs. for $214.31/cwt., 2,410 head at 65-75 lbs. for $202.25/cwt., 3,213 head at 75-85 lbs. for $199.80/cwt., 1,825 head at 85 lbs. and up for $197.41/cwt.
Boxed Lamb, weighted average prices ($/cwt.), Trimmed 4" Loins 401.08, Hotel rack⁽³⁾ 592.01, Leg (trotter off) 275.30, Ground lamb 335.03.
Wool, Price ($/pound) Clean, Delivered, No new prices reported this week. Prices from 5 weeks ago: 20 micron (Grade 70?s) 3.30, 22 micron (Grade 64?s) 2.90, 24 micron (Grade 60-62?s) 2.29, 25 micron (Grade 58?s) 2.22, 26 micron (Grade 56-58?s) 2.04, no prices reported for other micron.
⁽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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