Market Summary, Week Ending November 10, 2006

Each Friday, the U.S. Department of Agriculture's Agricultural Marketing Service publishes the Weekly National Lamb Market Summary. To access this most current information, go to www.sheepusa.org and click on the USDA Market Summary link in the lower left-hand corner of the homepage.
Slaughter Prices - Negotiated, Live, wooled and shorn 100-150 lbs. for 88.60-100 $/cwt., dressed, load wooled and shorn 77 lbs. carcass for $176/cwt.
Slaughter Prices - Formula, 15,046 head(1) at 188.25-206.52 $/cwt. for 72.20 ave. lbs., 3,789 head at 175-212.65 $/cwt. for 78.40 ave. lbs.
Equity Electronic Auction, Live, shorn and wooled 125-145 lbs. for $89/cwt.
Cutout Value/Net Carcass Value(2), $219.61/cwt.
Carcass Price, Choice and Prime, YG 1-4, weighted averages, 2,282 head at 55-65 lbs. for $208.30/cwt., 3,464 head at 65-75 lbs. for $201.13/cwt., 2,109 head at 75-85 lbs. for $198.40/cwt., 757 head at 85 lbs. and up for $189.17/cwt.
Boxed Lamb, weighted average prices ($/cwt.), Trimmed 4" Loins 498.90, Hotel rack(3) 559.51, Leg (trotter off) 234.24, Ground lamb 299.50.
Wool, Price ($/lb.) Clean, Delivered, 18 micron (Grade 80s) 2.48, 19 micron (Grade 80's) 2.35-2.36, 20 micron (Grade 70's) 1.98-2.05, 21 micron (Grade 64-70's) 1.90-2.20, 22 micron (Grade 64's) 2.20, 23 micron (Grade 62's) 1.45-1.60, 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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