Market Summary, Week ending September 28, 2007

Reminder: The updated Market Summary can be accessed each Monday at www.sheepusa.org.
Feeder Prices, San Angelo, 40-70 lbs. for 100-108 $/cwt., 70-90 lbs. for 100-106.50 $/cwt.
Slaughter Prices - Negotiated, Live, wooled and shorn 120-145 lbs. for 102-107.48 $/cwt.; dressed, no sales reported.
Slaughter Prices - Formula, Carcass Basis, 2,507 head⁽¹⁾ at 197.83-224.52 $/cwt. for 71.2 ave. lbs., 12,364 head at 197.83-224.52 $/cwt. for 78.3 ave. lbs.; Live Basis, $104.71/cwt. for 139.2 lbs.
Equity Electronic Auction, shorn and wooled 125 lbs. for $99/cwt.
Cutout Value/Net Carcass Value⁽²⁾, $228.15/cwt.
Carcass Price, Choice and Prime, YG 1-4, weighted averages, 4,687 head at 55-65 lbs. for $219.46/cwt., 5,574 head at 65-75 lbs. for $217.23/cwt., 2,389 head at 75-85 lbs. for $216.45/cwt., 577 head at 85 lbs. and up for $206.12/cwt.
Boxed Lamb, weighted average prices ($/cwt.), Trimmed 4" Loins 497.89, Hotel rack⁽³⁾ 589.88, Leg (trotter off) 246.08, Ground lamb 314.01.
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)

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