Market Summary, Week Ending March 23, 2007
March 30, 2007
The updated Market Summary can be accessed at www.sheepusa.org each Monday.
Feeder Prices, an Angelo, 60-70 lbs. 90-100 $/cwt., 70-95 lbs. for 88-95 $/cwt., set 107 lbs. for $84/cwt., new crop 70-80 lbs. 110-115 $/cwt.
Slaughter Prices - Negotiated, Live, wooled and shorn 115-160 lbs. for 90.44-105 $/cwt., dressed, no sales reported.
Slaughter Prices - Formula, 11,323 head(1) at 170-193.45 $/cwt. for 70.5 ave. lbs., 19,231 head at 166.79-193.63 $/cwt. for 78.2 ave. lbs.
Equity Electronic Auction, shorn and wooled 130 lbs. $91/cwt.
Cutout Value/Net Carcass Value(2) $215.64/cwt.
Carcass Price, Choice and Prime, YG 1-4, weighted averages, 2,774 head at 55-65 lbs. for $203.44/cwt., 4,370 head at 65-75 lbs. for $193.30/cwt., 3,768 head at 75-85 lbs. for $189.12/cwt., 1,867 head at 85 lbs. and up for $176.39/cwt.
Boxed Lamb, weighted average prices ($/cwt.), Trimmed 4" Loins 391.06, Hotel rack(3) 555.97, Leg (trotter off) 261.06, Ground lamb 275.51.
Wool, Price ($/lb.) Clean, Delivered, 18 micron (Grade 80s) 3.10, 19 micron (Grade 80's) 3.00, 20 micron (Grade 70's) 2.55, 21 micron (Grade 64-70's) 2.47-2.61, 22 micron (Grade 64's) 2.49-2.51, 23 micron (Grade 62's) 2.12-2.38, 24 micron (Grade 60-62's) 1.96, 25 micron (Grade 58's) 1.61, 26 micron (Grade 56-58's) 1.60, 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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