Market Summary, Week ending July 27, 2007
August 3, 2007
Reminder: The updated Market Summary can be accessed each Monday at www.sheepusa.org. Feeder Prices, San Angelo, 40-60 lbs. for 100-106 $/cwt., 60-90 lbs. for 98-104 $/cwt.
Slaughter Prices - Negotiated, Live, wooled and shorn 120-140 lbs. for 95-110.44 $/cwt.; dressed, package wooled and shorn 65 lb. carcasses for $200/cwt.
Slaughter Prices - Formula, 9,222 head(1) at 204.86-224.84 $/cwt. for 68.1 ave. lbs., 4,079 head at 184.96-216.60 $/cwt. for 78.9 ave. lbs.
Equity Electronic Auction, shorn and wooled 125 lbs. for $98/cwt.; shorn and wooled 140 lbs. for $103-106.75 $/cwt.
Cutout Value/Net Carcass Value(2), $225.22/cwt.
Carcass Price, Choice and Prime, YG 1-4, weighted averages, 3,643 head at 55-65 lbs. for $224.62/cwt., 3,353 head at 65-75 lbs. for $219.75/cwt., 1,664 head at 75-85 lbs. for $216.74/cwt., 950 head at 85 lbs. and up for $197.16/cwt.
Boxed Lamb, weighted average prices ($/cwt.), Trimmed 4" Loins 524.46, Hotel rack(3) 592.74, Leg (trotter off) 234.39, Ground lamb 305.50.
Wool, Price ($/lb.) Clean, Delivered, 18 micron (Grade 80s) no prices reported, 19 micron (Grade 80s) no prices reported, 20 micron (Grade 70s) no prices reported, 21 micron (Grade 64-70s) 3.20-3.24, 22 micron (Grade 64s) no prices reported, 23 micron (Grade 62s) 2.75, 24 micron (Grade 60-62s) no prices reported, 25 micron (Grade 58s) no prices reported, 26 micron (Grade 56-58s) 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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