Market Summary, Week ending August 10, 2007
August 17, 2007
Reminder: The updated Market Summary can be accessed each Monday at www.sheepusa.org.Feeder Prices, San Angelo, 40-60 lbs. for 99-106.50 $/cwt., 60-105 lbs. for 95-102 $/cwt.
Slaughter Prices - Negotiated, Live, wooled and shorn 113-145 lbs. for 93-106.97 $/cwt.; dressed, no sales reported.
Slaughter Prices - Formula, Carcass Basis, 13,579 head(1) at $217/cwt. for 70.2 ave. lbs., 2,324 head at 188.74-216 $/cwt. for 78.1 ave. lbs.; Live Basis, $106.64/cwt. for 142.6 lbs.
Equity Electronic Auction, shorn and wooled 125 lbs. for $99.25/cwt.
Cutout Value/Net Carcass Value(2), $226.97/cwt.
Carcass Price, Choice and Prime, YG 1-4, weighted averages, 3,379 head at 55-65 lbs. for $226.49/cwt., 4,000 head at 65-75 lbs. for $220.38/cwt., 2,248 head at 75-85 lbs. for $217.57/cwt., 390 head at 85 lbs. and up for $201.40/cwt.
Boxed Lamb, weighted average prices ($/cwt.), Trimmed 4" Loins 515.78, Hotel rack(3) 587.55, Leg (trotter off) 243.89, Ground lamb 297.79.
Wool, Price ($/pound) Clean, Delivered, 18 micron (Grade 80s) no prices reported, 19 micron (Grade 80?s) no prices reported, 20 micron (Grade 70?s) no prices reported, 21 micron (Grade 64-70?s) 3.20-3.24, 22 micron (Grade 64?s) no prices reported, 23 micron (Grade 62?s) 2.75, 24 micron (Grade 60-62?s) no prices reported, 25 micron (Grade 58?s) no prices reported, 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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