Market Summary, Week Ending May 18, 2007
May 25, 2007
The updated Market Summary can be accessed at www.sheepusa.org each Monday.
Feeder Prices, San Angelo, 65-80 lbs. for 104-109.50 $/cwt., 80-100 lbs. for 100-106.50 $/cwt.
Slaughter Prices - Negotiated, Live, wooled and shorn 120-155 lbs. for 88-102.28 $/cwt.; dressed, load wooled and shorn 74 lbs for $200/cwt.
Slaughter Prices - Formula, 4,174 head(1) at 177.78-190.65 $/cwt. for 71.4 ave. lbs., 11,537 head at 170.77-199.31 $/cwt. for 78.1 ave. lbs.
Equity Electronic Auction, new crop 140 lbs. $105.75/cwt., shorn 140 lbs. for 98.50-103 $/cwt., shorn and wooled 130 lbs. for $92.25/cwt.
Cutout Value/Net Carcass Value(2) $214.29/cwt.
Carcass Price, Choice and Prime, YG 1-4, weighted averages, 1,011 head at 55-65 lbs. for $222.45/cwt., 1,796 head at 65-75 lbs. for $196.64/cwt., 2,804 head at 75-85 lbs. for $192.82/cwt., 2,406 head at 85 lbs. and up for $177.72/cwt.
Boxed Lamb, weighted average prices ($/cwt.), Trimmed 4" Loins 450.22, Hotel rack(3) 551.90, Leg (trotter off) 255.74, Ground lamb 276.57.
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) 2.30-2.69, 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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