Market Summary, Week Ending March 16, 2007

The updated Market Summary can be accessed at www.sheepusa.org each Monday.
Feeder Prices, San Angelo, 60-90 lbs. 88-95 $/cwt., 97 lbs. for $85/cwt., new crop 60-70 lbs. 110-117 $/cwt., 70-80 lbs. 113-115 $/cwt.
Slaughter Prices - Negotiated, Live, wooled and shorn 120-155 lbs. for 90.16-105 $/cwt., dressed, no sales reported.
Slaughter Prices - Formula, 8,151 head⁽¹⁾ at 160-191.88 $/cwt. for 70.5 ave. lbs., 16,114 head at 164-193.34 $/cwt. for 79.3 ave. lbs.
Equity Electronic Auction, shorn and wooled 130 lbs. $91.50/cwt.
Cutout Value/Net Carcass Value⁽²⁾ $210.44/cwt.
Carcass Price, Choice and Prime, YG 1-4, weighted averages, 2,451 head at 55-65 lbs. for $202.21/cwt., 3,674 head at 65-75 lbs. for $193.30/cwt., 3,832 head at 75-85 lbs. for $190.19/cwt., 2,063 head at 85 lbs. and up for $176.70/cwt.
Boxed Lamb, weighted average prices ($/cwt.), Trimmed 4" Loins 403.89, Hotel rack⁽³⁾ 554.41, Leg (trotter off) 263.71, Ground lamb 274.94.
Wool, Price ($/lb.) Clean, Delivered, 18 micron (Grade 80s) 3.10, 19 micron (Grade 80?s) 3.00, 20 micron (Grade 70?s) 2.90, 21 micron (Grade 64-70?s) 2.64, 22 micron (Grade 64?s) 2.38, 23 micron (Grade 62?s) 2.33, 24 micron (Grade 60-62?s) 1.97, 25 micron (Grade 58?s) 1.61, 26 micron (Grade 56-58?s) 1.50, 27 micron (Grade 56?s) 1.15.
⁽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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