Market Summary, Week Ending July 6, 2007

Reminder: The updated Market Summary can be accessed each Monday at www.sheepusa.org.
Feeder Prices, San Angelo, no test; Virginia, 40-60 lbs. for $95/cwt., 60-90 lbs. for 88-95 $/cwt.
Slaughter Prices - Negotiated, Live, wooled and shorn 110-165 lbs. for 98.23-108 $/cwt.; dressed, no sales reported.
Slaughter Prices - Formula, 11,432 head⁽¹⁾ at 171.18-216.68 $/cwt. for 71.4 ave. lbs., 8,436 head at 162.06-216 $/cwt. for 79.1 ave. lbs.
Equity Electronic Auction, no test.
Cutout Value/Net Carcass Value ⁽²⁾, $226.71/cwt.
Carcass Price, Choice and Prime, YG 1-4, weighted averages, 1,225 head at 55-65 lbs. for $229.21/cwt., 1,449 head at 65-75 lbs. for $218.52/cwt., 960 head at 75-85 lbs. for $212.85/cwt., 658 head at 85 lbs. and up for $191.92/cwt.
Boxed Lamb, weighted average prices ($/cwt.), Trimmed 4" Loins 518.62, Hotel rack⁽³⁾ 587.97, Leg (trotter off) 247.85, Ground lamb 287.40.
Wool, Price ($/lb.) Clean, Delivered, 18 micron (Grade 80?s) no prices reported, 19 micron (Grade 80?s) 3.38, 20 micron (Grade 70?s) 3.33, 21 micron (Grade 64-70?s) 2.93-3.30, 22 micron (Grade 64?s) 2.85, 23 micron (Grade 62?s) 2.75-2.89, 24 micron (Grade 60-62?s) 2.38, 25 micron (Grade 58?s) 2.20, 26 micron (Grade 56-58?s) no prices reported, 27 micron (Grade 56) no prices reported.
⁽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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