Market Summary, Week ending June 23, 2006

Feeder Prices, San Angelo, new crop 40-60 lbs. for 110-113 $/cwt., 60-70 lbs. for 105-113 $/cwt., 70-90 lbs. for 102-112.50 $/cwt.
Slaughter Prices - Negotiated, Live, wooled and shorn 110-160 lbs. for 80-100.75 $/cwt., mostly 95-100 $/cwt., dressed, no sales reported.
Slaughter Prices - Formula, 12,770 head(1) at 153.57-194.37 $/cwt. for 70.70 ave. lbs., 3,567 head at 146.86-191.89 $/cwt. for 77.20 ave. lbs.
Cutout value/Net carcass value(2), $185.83/cwt.
Carcass Price, Choice and Prime, YG 1-4, weighted averages, 3,077 head at 55-65 lbs. for $198.67/cwt., 3,128 head at 65-75 lbs. for $194.01/cwt., 1,704 head at 75-85 lbs. for $188.93/cwt., 1,682 head at 85 lbs. and up for $152.60/cwt.
Boxed Lamb, weighted average prices ($/cwt.), Trimmed 4" Loins 414.41, Hotel rack(3) 523.49, Leg (trotter off) 189.52, Ground lamb 304.80.
Wool, Price ($/lb.) Clean, Delivered, 18 micron (Grade 80's) 2.55; 19 micron (Grade 80's) 1.96-2.21; 20 micron (Grade 70's) 1.95-2.18; 21 micron (Grade 64-70's) 1.85-2.02; 22 micron (Grade 64's) 1.72-2.00; 23 micron (Grade 62's) 1.64-1.86; 24 micron (Grade 60-62's) 1.39; 25 micron (Grade 58's) 1.34; 26 micron (Grade 56-58's) 1.14; 27 micron (Grade 56's) 0.92.
(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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