Market Summary, Week ending September 7, 2007

Reminder: The updated Market Summary can be accessed each Monday at www.sheepusa.org.
Feeder Prices, San Angelo, 40-60 lbs. for 105-109 $/cwt., 60-70 lbs. for 107-108 $/cwt.
Slaughter Prices - Negotiated, Live, wooled and shorn 110-145 lbs. for 98.98-106.92 $/cwt.; dressed, no sales reported.
Slaughter Prices - Formula, Carcass Basis, 3,132 head⁽¹⁾ at 204-220.45 $/cwt. for 62.6 ave. lbs., 14,712 head at 190.19-224.60 $/cwt. for 69.5 ave. lbs.; Live Basis, $104.81/cwt. for 141.1 lbs.
Equity Electronic Auction, shorn and wooled 125 lbs. for $103.50/cwt., 140 lbs. for $107.25/cwt.
Cutout Value/Net Carcass Value⁽²⁾, $229.15/cwt.
Carcass Price, Choice and Prime, YG 1-4, weighted averages, 4,395 head at 55-65 lbs. for $221.63/cwt., 4,497 head at 65-75 lbs. for $219.18/cwt., 1,975 head at 75-85 lbs. for $218.09/cwt., 281 head at 85 lbs. and up for $204.21/cwt.
Boxed Lamb, weighted average prices ($/cwt.), Trimmed 4" Loins 507.84, Hotel rack⁽³⁾ 585.93, Leg (trotter off) 244.21, Ground lamb 305.52.
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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