Market Summary, Week ending August 31, 2007
September 7, 2007
Reminder: The updated Market Summary can be accessed each Monday at www.sheepusa.org.Feeder Prices, San Angelo, 60-80 lbs. for 98-106 $/cwt., 80-90 lbs. for 98-104 $/cwt.
Slaughter Prices - Negotiated, Live, wooled and shorn 125-150 lbs. for 92-107.60 $/cwt.; dressed, load wooled and shorn 60-65 lb. carcasses $212/cwt.
Slaughter Prices - Formula, Carcass Basis, 3,736 head(1) at 199.58-220.45 $/cwt. for 62.6 ave. lbs., 13,968 head at 194-223.42 $/cwt. for 70.5 ave. lbs.; Live Basis, $103.84/cwt. for 138.8 lbs.
Equity Electronic Auction, shorn and wooled $100.75/cwt., wooled 140 lbs. for $107.25/cwt.
Cutout Value/Net Carcass Value(2), $224.37/cwt.
Carcass Price, Choice and Prime, YG 1-4, weighted averages, 2,838 head at 55-65 lbs. for $224.45/cwt., 3,527 head at 65-75 lbs. for $219.17/cwt., 1,993 head at 75-85 lbs. for $218.18/cwt., 399 head at 85 lbs. and up for $205.29/cwt.
Boxed Lamb, weighted average prices ($/cwt.), Trimmed 4" Loins 511.14, Hotel rack(3) 590.82, Leg (trotter off) 240.44, Ground lamb 283.98.
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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