Market Summary, Week ending September 21, 2007

Reminder: The updated Market Summary can be accessed each Monday at www.sheepusa.org.
Feeder Prices, San Angelo, 40-60 lbs. for 101-105.50 $/cwt., 60-70 lbs. for 104-106.50 $/cwt.
Slaughter Prices - Negotiated, Live, wooled and shorn 120-140 lbs. for 92-106.99 $/cwt.; dressed, no sales reported.
Slaughter Prices - Formula, Carcass Basis, 10,822 head⁽¹⁾ at 191.73-224.28 $/cwt. for 69.9 ave. lbs., 3,388 head at 189.95-224.09 $/cwt. for 77.8 ave. lbs.; Live Basis, $105.13/cwt. for 140.60 lbs.
Equity Electronic Auction, shorn and wooled 125 lbs. for $102.50/cwt., wooled 140 lbs. for $106/cwt.
Cutout Value/Net Carcass Value⁽²⁾, $226.33/cwt.
Carcass Price, Choice and Prime, YG 1-4, weighted averages, 3,477 head at 55-65 lbs. for $223.27/cwt., 4,474 head at 65-75 lbs. for $218.85/cwt., 2,171 head at 75-85 lbs. for $217.73/cwt., 413 head at 85 lbs. and up for $206.26/cwt.
Boxed Lamb, weighted average prices ($/cwt.), Trimmed 4" Loins 507.28, Hotel rack⁽³⁾ 592.47, Leg (trotter off) 240.20, Ground lamb 318.30.
Wool, Price ($/lb.) Clean, Delivered. No prices reported this week.
⁽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)

<< Back