Market Summary, Week Ending March 30, 2007

The updated Market Summary can be accessed at www.sheepusa.org each Monday.
Feeder Prices, an Angelo, 70-80 lbs. 87-90 $/cwt., new crop 54 lbs. for $115/cwt., 65-90 lbs. for 108-108.50 $/cwt.
Slaughter Prices - Negotiated, Live, wooled and shorn 130-155 lbs. for 89.70-105 $/cwt., dressed, no sales reported.
Slaughter Prices - Formula, 11,905 head⁽¹⁾ at 171.60-196.46 $/cwt. for 71.6 ave. lbs., 18,660 head at 166.79-193.98 $/cwt. for 77 ave. lbs.
Equity Electronic Auction, shorn and wooled 132 lbs. $90/cwt., 148 lbs. for $94/cwt.
Cutout Value/Net Carcass Value⁽²⁾ $210.68/cwt.
Carcass Price, Choice and Prime, YG 1-4, weighted averages, 2,151 head at 55-65 lbs. for $204.18/cwt., 3,260 head at 65-75 lbs. for $192.78/cwt., 3,170 head at 75-85 lbs. for $190.43/cwt., 1,007 head at 85 lbs. and up for $178.28/cwt.
Boxed Lamb, weighted average prices ($/cwt.), Trimmed 4" Loins 372.64, Hotel rack⁽³⁾ 545.04, Leg (trotter off) 269.11, Ground lamb 276.36.
Wool, Price ($/lb.) Clean, Delivered, 18 micron (Grade 80s) no prices reported, 19 micron (Grade 80's) 3.12, 20 micron (Grade 70's) 2.69-2.73, 21 micron (Grade 64-70's) 2.67-2.87, 22 micron (Grade 64's) 2.60-2.87, 23 micron (Grade 62's) 2.12-2.43, 24 micron (Grade 60-62's) 2.00, 25 micron (Grade 58's) 1.60, 26 micron (Grade 56-58's) 1.38, 27 micron (Grade 56's) 1.17.
⁽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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