Market Summary, Week ending August 1, 2008
August 8, 2008
The updated Market Summary can be accessed each Monday at www.sheepusa.org. Feeder Prices, 50-100 lbs. for 95-105.50 $/cwt.
Slaughter Prices - Negotiated, Live, wooled and shorn 129-155 lbs. for 101-117 $/cwt., dressed, no sales reported.
Slaughter Prices - Formula, Carcass Basis, 8,639 head(1) at 212-236.98 $/cwt. for 69.90 ave. lbs., 2,228 head at 217.14-233.78 $/cwt. for 80 ave. lbs.; Live Basis, $111.16/cwt. for 200 lbs.
Equity Electronic Auction, shorn and wooled 125 lbs. for $93.50/cwt.
Cutout Value/Net Carcass Value(2), $245.39/cwt.
Carcass Price, Choice and Prime, YG 1-4, weighted averages, 2,764 head at 55-65 lbs. for $237.27/cwt., 3,268 head at 65-75 lbs. for $232.94/cwt., 1,795 head at 75-85 lbs. for $231.70/cwt., 1,069 head at 85 lbs. and up for $220.06/cwt.
Boxed Lamb, weighted average prices ($/cwt.), Trimmed 4" Loins 545.01, Hotel rack(3) 561.27, Leg (trotter off) 255.96, Ground lamb 365.24.
Wool, Price ($/lb.) Clean, Delivered, 18 micron (Grade 80s) no prices reported, 19 micron (Grade 80?s) no prices reported, 20 micron (Grade 70?s) no prices reported, 21 micron (Grade 64-70?s) 3.02, 22 micron (Grade 64?s) 3.05, 23 micron (Grade 62?s) 2.50-2.87, 24 micron (Grade 60-62?s) 2.11, 25 micron (Grade 58?s) 2.00, 26 micron (Grade 56-58?s) no prices reported, 27 micron (Grade 56?s) no 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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