Market Summary, Week Ending November 24, 2006

Due to a reorganization in the AMS weekly summary, the feeder lamb price report is no longer by location. Feeder Prices, Medium and Large 1-2, average 66 lbs. for $108.28/cwt., 75 lbs. for $107.98/cwt., 91 lbs. for $99.43/cwt., 103 lbs. for $99.21/cwt.
Slaughter Prices - Negotiated, No sales reported, Previous week: Live, wooled and shorn 100-155 lbs. for 89.02-95 $/cwt., dressed, no sales reported.
Slaughter Prices - Formula, 4,933 head(1) at 183.85-203.02 $/cwt. for 71.20 ave. lbs., 16,070 head at 182.98-205.30 $/cwt. for 77.40 ave. lbs.
Equity Electronic Auction, Live, shorn and unshorn average 132.5 lbs. for $87/cwt.
Cutout Value/Net Carcass Value (2), $220.86/cwt.
Carcass Price, Choice and Prime, YG 1-4, weighted averages, 1,643 head at 55-65 lbs. for $207.07/cwt., 2,259 head at 65-75 lbs. for $199.57/cwt., 3,118 head at 75-85 lbs. for $198.66/cwt., 883 head at 85 lbs. and up for $188.22/cwt.
Boxed Lamb, weighted average prices ($/cwt.), Trimmed 4" Loins 482.43, Hotel rack(3) 573.28, Leg (trotter off) 238.23, Ground lamb 293.75.
Wool, Price ($/pound) Clean, Delivered, 18 micron (Grade 80s) 2.35, 19 micron (Grade 80's) 2.35, 20 micron (Grade 70's) No prices reported, 21 micron (Grade 64-70's) 2.20, 22 micron (Grade 64's) 2.20, 23 micron (Grade 62's) 1.60, 24 micron (Grade 60-62's) No prices reported, 25 micron (Grade 58's) No prices reported, 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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