Market Summary, Week Ending June 8, 2007

The updated Market Summary can be accessed at www.sheepusa.org each Monday.
Feeder Prices, San Angelo, 60-90 lbs. for 105-111.50 $/cwt., 90-105 lbs. for 102-108 $/cwt.
Slaughter Prices - Negotiated, Live, wooled and shorn 110-150 lbs. for 90-110 $/cwt.; dressed, no sales reported.
Slaughter Prices - Formula, 9,246 head⁽¹⁾ at 172.21-205 $/cwt. for 71.2 ave. lbs., 7,642 head at 177.49-210 $/cwt. for 80 ave. lbs.
Equity Electronic Auction, shorn and wooled 130-145 lbs. for 98-104 $/cwt.
Cutout Value/Net Carcass Value⁽²⁾ $223.93/cwt.
Carcass Price, Choice and Prime, YG 1-4, weighted averages, 1,128 head at 55-65 lbs. for $226.20/cwt., 1,778 head at 65-75 lbs. for $204.57/cwt., 1,965 head at 75-85 lbs. for $197.91/cwt., 1,433 head at 85 lbs. and up for $181.16/cwt.
Boxed Lamb, weighted average prices ($/cwt.), Trimmed 4" Loins 500.22, Hotel rack⁽³⁾ 568.27, Leg (trotter off) 253.31, Ground lamb 281.42.
Wool, Price ($/lb.) Clean, Delivered, 18 micron (Grade 80s) 4.10, 19 micron (Grade 80?s) 3.40-3.96, 20 micron (Grade 70?s) 3.05-3.68, 21 micron (Grade 64-70?s) 3.31-3.52, 22 micron (Grade 64?s) 3.00-3.22, 23 micron (Grade 62?s) 2.55-2.75, 24 micron (Grade 60-62?s) 2.25-2.69, 25 micron (Grade 58?s) 2.05, 26 micron (Grade 56-58?s) 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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