Market Summary, Week Ending May 11, 2007
May 18, 2007
The updated Market Summary can be accessed at www.sheepusa.org each Monday.
Feeder Prices, San Angelo, new crop 68 lbs. for $117.50/cwt., 70-90 lbs. for 105-105.50 $/cwt.
Slaughter Prices - Negotiated, Live, wooled and shorn 100-145 lbs. for 85-104 $/cwt., dressed, packaged wooled and shorn 80 lbs. $200/cwt.
Slaughter Prices - Formula, 4,801 head(1) at 175.51-198.94 $/cwt. for 72.1 ave. lbs., 10,380 head at 173.18-200.74 $/cwt. for 78.4 ave. lbs.
Equity Electronic Auction, shorn and wooled 130 lbs. $95/cwt.
Cutout Value/Net Carcass Value(2) $210.86/cwt.
Carcass Price, Choice and Prime, YG 1-4, weighted averages, 842 head at 55-65 lbs. for $218.65/cwt., 1,294 head at 65-75 lbs. for $197.68/cwt., 1,940 head at 75-85 lbs. for $192.76/cwt., 1,707 head at 85 lbs. and up for $178.21/cwt.
Boxed Lamb, weighted average prices ($/cwt.), Trimmed 4" Loins 422.35, Hotel rack(3) 547.99, Leg (trotter off) 258.73, Ground lamb 260.56.
Wool, Price ($/lb.) Clean, Delivered, 18 micron (Grade 80s) 4.10, 19 micron (Grade 80s) 3.43-3.86, 20 micron (Grade 70s) 3.05-3.45, 21 micron (Grade 64-70s) 3.12-3.25, 22 micron (Grade 64s) 3.05-3.09, 23 micron (Grade 62s) 2.55-2.72, 24 micron (Grade 60-62s) 2.51-2.69, 25 micron (Grade 58s) 1.79-2.31, 26 micron (Grade 56-58s) 1.75-1.90, 27 micron (Grade 56s) 1.55.
(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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