Market Summary, Week Ending May 25, 2007
June 1, 2007
The updated Market Summary can be accessed at www.sheepusa.org each Monday.
Feeder Prices, San Angelo, 60-70 lbs. for 104-110 $/cwt., 70-80 lbs. for 102-111.50 $/cwt.
Slaughter Prices - Negotiated, Live, wooled and shorn 115-155 lbs. for 88-105 $/cwt.; dressed, load wooled and shorn 74 lbs. for $200/cwt.
Slaughter Prices - Formula, 7,060 head(1) at 180.71-200.43 $/cwt. for 72.9 ave. lbs., 6,303 head at 170.77-197.52 $/cwt. for 80.3 ave. lbs.
Equity Electronic Auction, wooled 140 lbs. for $100/cwt.
Cutout Value/Net Carcass Value(2) $212.47/cwt.
Carcass Price, Choice and Prime, YG 1-4, weighted averages, 1,189 head at 55-65 lbs. for $219.44/cwt., 1,869 head at 65-75 lbs. for $198.84/cwt., 2,615 head at 75-85 lbs. for $193.42/cwt., 2,043 head at 85 lbs. and up for $176.34/cwt.
Boxed Lamb, weighted average prices ($/cwt.), Trimmed 4" Loins 461.01, Hotel rack(3) 558.53, Leg (trotter off) 244.29, Ground lamb 274.74.
Wool, Price ($/lb.) Clean, Delivered, 18 micron (Grade 80s) 4.10, 19 micron (Grade 80s) 3.40-3.76, 20 micron (Grade 70s) 3.05-3.68, 21 micron (Grade 64-70s) 3.25-3.52, 22 micron (Grade 64s) 3.16-3.22, 23 micron (Grade 62s) 2.55-3.14, 24 micron (Grade 60-62s) 2.30-2.69, 25 micron (Grade 58s) 2.05, 26 micron (Grade 56-58s) 1.75-2.07, 27 micron (Grade 56) 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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