Market Summary, Week Ending April 6, 2007
April 13, 2007
The updated Market Summary can be accessed at www.sheepusa.org each Monday.
Feeder Prices, an Angelo, 780-90 lbs. 85-94 $/cwt., 90-95 lbs. for 82-83 $/cwt., new crop 60-70 lbs. 108-110 $/cwt.
Slaughter Prices - Negotiated, Live, wooled and shorn 125-160 lbs. for 85-105 $/cwt., dressed, no sales reported.
Slaughter Prices - Formula, 8,685 head(1) at 174.04-194 $/cwt. for 71.1 ave. lbs., 20,689 head at 168.79-194.68 $/cwt. for 78 ave. lbs.
Equity Electronic Auction, shorn and wooled 130 lbs. $89/cwt.
Cutout Value/Net Carcass Value(2) $217.26/cwt.
Carcass Price, Choice and Prime, YG 1-4, weighted averages, 2,205 head at 55-65 lbs. for $213.79/cwt., 3,356 head at 65-75 lbs. for $192.56/cwt., 4,331 head at 75-85 lbs. for $189.21/cwt., 3,089 head at 85 lbs. and up for $177.20/cwt.
Boxed Lamb, weighted average prices ($/cwt.), Trimmed 4" Loins 397.62, Hotel rack(3) 539.06, Leg (trotter off) 281.68, Ground lamb 251.24.
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) 2.74-2.87, 22 micron (Grade 64?s) 2.52-2.87, 23 micron (Grade 62?s) 2.12-2.40, 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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