Market Summary, Week ending October 5, 2007
October 12, 2007
Reminder: The updated Market Summary can be accessed each Monday at www.sheepusa.org.Feeder Prices, San Angelo, 40-90 lbs. for 100-106 $/cwt., 90-100 lbs. for 95-101 $/cwt.
Slaughter Prices - Negotiated, Live, wooled and shorn 120-145 lbs. for 97.55-105 $/cwt.; dressed, no sales reported.
Slaughter Prices - Formula, Carcass Basis, 15,108 head(1) at 187.38-223.68 $/cwt. for 69.8 ave. lbs., 2,847 head at 186.17-220.66 $/cwt. for 80.7 ave. lbs.; Live Basis, $102.85/cwt. for 147.1 lbs.
Equity Electronic Auction, shorn and wooled 125-145 lbs. for $97.75-98.25/cwt.
Cutout Value/Net Carcass Value(2), $228.40/cwt.
Carcass Price, Choice and Prime, YG 1-4, weighted averages, 3,391 head at 55-65 lbs. for $218.91/cwt., 3,677 head at 65-75 lbs. for $217.27/cwt., 2,455 head at 75-85 lbs. for $215.65/cwt., 712 head at 85 lbs. and up for $206.12/cwt.
Boxed Lamb, weighted average prices ($/cwt.), Trimmed 4" Loins 514.67, Hotel rack(3) 590.85, Leg (trotter off) 247.80, Ground lamb 323.88.
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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