Market Summary, Week ending August 24, 2007
August 31, 2007
Reminder: The updated Market Summary can be accessed each Monday at www.sheepusa.org.Feeder Prices, San Angelo, 50-60 lbs. for 100-105 $/cwt., 60-90 lbs. for 95-101 $/cwt.
Slaughter Prices - Negotiated, Live, wooled and shorn 120-145 lbs. for 92-106.90 $/cwt.; dressed, no sales reported.
Slaughter Prices - Formula, Carcass Basis, 15,264 head(1) at $214.48/cwt. for 69.2 ave. lbs., 4,085 head at 190.86-219.40 $/cwt. for 77.3 ave. lbs.; Live Basis, $105/cwt. for 140.40 lbs.
Equity Electronic Auction, shorn and wooled 125 lbs. $103.25/cwt., wooled 140 lbs. for $107/cwt.
Cutout Value/Net Carcass Value(2), $226.37/cwt.
Carcass Price, Choice and Prime, YG 1-4, weighted averages, 4,539 head at 55-65 lbs. for $222.43/cwt., 4,309 head at 65-75 lbs. for $219.57/cwt., 2,159 head at 75-85 lbs. for $218.17/cwt., 541 head at 85 lbs. and up for $201.73/cwt.
Boxed Lamb, weighted average prices ($/cwt.), Trimmed 4" Loins 526.10, Hotel rack(3) 586.04, Leg (trotter off) 239.75, Ground lamb 302.77.
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) 2.81, 22 micron (Grade 64s) 2.70, 23 micron (Grade 62s) 2.57, 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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