Market Summary, Week ending October 20, 2006

Feeder Prices, San Angelo, 40-60 lbs. for 110-118 $/cwt., 60-70 lbs. for 103.50-111.50 $/cwt., 70-80 lbs. for 101-106 $/cwt.
Slaughter Prices - Negotiated, Live, wooled and shorn 125-145 lbs. for 89.25-102 $/cwt., dressed, no sales reported.
Slaughter Prices - Formula, 19,002 head(1) at 186.01-206.56 $/cwt. for 72.10 ave. lbs., 4,393 head at 180-207.45 $/cwt. for 76.50 ave. lbs.
Equity Electronic Auction, Live, shorn and wooled 130 lbs. for $89/cwt.
Cutout Value/Net Carcass Value(2), $219.45/cwt.
Carcass Price, Choice and Prime, YG 1-4, weighted averages, 3,275 head at 55-65 lbs. for $206.12/cwt., 4,217 head at 65-75 lbs. for $201.09/cwt., 2,261 head at 75-85 lbs. for $200.04/cwt., 731 head at 85 lbs. and up for $186.37/cwt.
Boxed Lamb, weighted average prices ($/cwt.), Trimmed 4" Loins 523.51, Hotel rack(3) 561.61, Leg (trotter off) 225.11, Ground lamb 296.60.
Wool, Price ($/lb.) Clean, Delivered, 18 micron (Grade 80s) 2.48, 19 micron (Grade 80's) 2.36, 20 micron (Grade 70's) 1.98-2.05, 21 micron (Grade 64-70's) 1.90, 22 micron (Grade 64's) No price available, 23 micron (Grade 62's) 1.42-1.45, 24 micron (Grade 60-62's) 1.36, 25 micron (Grade 58's) 1.42, 26 micron (Grade 56-58's) 1.20, 27 micron (Grade 56's) 0.89.
(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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