Market Summary, Week Ending June 1, 2007
June 8, 2007
The updated Market Summary can be accessed at www.sheepusa.org each Monday.
Feeder Prices, San Angelo, 60-70 lbs. for 106-113 $/cwt., 70-80 lbs. for 104-114.50 $/cwt.
Slaughter Prices - Negotiated, Live, wooled and shorn 125-140 lbs. for 88-110 $/cwt.; dressed, load wooled and shorn 68 lbs. for $200/cwt.
Slaughter Prices - Formula, 2,619 head(1) at 173.77-199.69 $/cwt. for 71.3 ave. lbs., 9,350 head at 170.78-201.45 $/cwt. for 79 ave. lbs.
Equity Electronic Auction, shorn and wooled 130 lbs. for $103.25/cwt.
Cutout Value/Net Carcass Value(2) $218.70/cwt.
Carcass Price, Choice and Prime, YG 1-4, weighted averages, 675 head at 55-65 lbs. for $228.59/cwt., 1,515 head at 65-75 lbs. for $200.18/cwt., 2,153 head at 75-85 lbs. for $195.03/cwt., 2,423 head at 85 lbs. and up for $177.12/cwt.
Boxed Lamb, weighted average prices ($/cwt.), Trimmed 4" Loins 473.73, Hotel rack(3) 570.61, Leg (trotter off) 249.62, Ground lamb 271.78.
Wool, Price ($/lb.) Clean, Delivered, 18 micron (Grade 80s) 4.10, 19 micron (Grade 80s) 3.40-3.96, 20 micron (Grade 70s) 3.05-3.68, 21 micron (Grade 64-70s) 3.31-3.52, 22 micron (Grade 64s) 3.07-3.22, 23 micron (Grade 62s) 2.55-2.72, 24 micron (Grade 60-62s) 2.25-2.69, 25 micron (Grade 58s) 2.05, 26 micron (Grade 56-58s) 1.75-1.90, 27 micron (Grade 56) 1.23.
(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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