Market Summary, Week Ending February 2, 2007
February 9, 2007
The updated Market Summary can be accessed at www.sheepusa.org each Monday.
Feeder Prices, Intermountain area, 60-70 lbs. 108-113 $/cwt., 70-80 lbs. 109-110 $/cwt., 80-90 lbs. for 102.50-107 $/cwt.
Slaughter Prices - Negotiated, LLive, wooled and shorn 115-160 lbs. for 87.67-99.50 $/cwt., dressed, no sales reported.
Slaughter Prices - Formula, 9,029 head(1) at 176.53-193.33 $/cwt. for 72.8 ave. lbs., 9,860 head at 161.53-195.15 $/cwt. for 79.4 ave. lbs.
Equity Electronic Auction, shorn and wooled 130 lbs. for $90.75/cwt.
Cutout Value/Net Carcass Value(2) $202.14/cwt.
Carcass Price, Choice and Prime, YG 1-4, weighted averages, 2,225 head at 55-65 lbs. for $203.40/cwt., 3,265 head at 65-75 lbs. for $189.89/cwt., 3,108 head at 75-85 lbs. for $186.44/cwt., 1,342 head at 85 lbs. and up for $175.08/cwt.
Boxed Lamb, weighted average prices ($/cwt.), Trimmed 4" Loins 415.65, Hotel rack(3) 587.16, Leg (trotter off) 218.96, Ground lamb 272.54.
Wool, Price ($/pound) Clean, Delivered, 18 micron (Grade 80s) no prices reported, 19 micron (Grade 80?s) no prices reported, 20 micron (Grade 70?s) no prices reported, 21 micron (Grade 64-70?s) 1.90, 22 micron (Grade 64?s) 1.75-2.32, 23 micron (Grade 62?s) 1.98, 24 micron (Grade 60-62?s) 1.88, 25 micron (Grade 58?s) 1.54, 26 micron (Grade 56-58?s) 1.33, 27 micron (Grade 56?s) 1.20.
(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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