Market Summary, Week ending September 8, 2006

Feeder Prices, San Angelo, 40-60 lbs. for 105-112 $/cwt., 60-70 lbs. for 100-109 $/cwt., 70-80 lbs. for 97-101 $/cwt.
Slaughter Prices - Negotiated, Live, wooled and shorn 90-150 lbs. for 85-95 $/cwt., dressed, no sales reported.
Slaughter Prices - Formula, 16,994 head(1) at 175.99-204.79 $/cwt. for 70.1 ave. lbs., 2,470 head at 180-202.78 $/cwt. for 62 ave. lbs.
Cutout value/Net carcass value(2), $204.10/cwt.
Carcass Price, Choice and Prime, YG 1-4, weighted averages, 3,884 head at 55-65 lbs. for $206.99/cwt., 4,274 head at 65-75 lbs. for $201.69/cwt., 2,000 head at 75-85 lbs. for $199.74/cwt., 195 head at 85 lbs. and up for $185.50/cwt.
Boxed Lamb, weighted average prices ($/cwt.), Trimmed 4" Loins 510.25, Hotel rack(3) 543.84, Leg (trotter off) 194.50, Ground lamb 300.05.
Wool, Price ($/lb.) Clean, Delivered. No prices available this week.
(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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