Market Summary, Week ending October 19, 2007
October 26, 2007
Feeder Prices, San Angelo, 60-70 lbs. for 100-103 $/cwt., 70-90 lbs. for 97-101.50 $/cwt.
Slaughter Prices - Negotiated, Live, wooled and shorn 120-160 lbs. for 92-100.50 $/cwt.; dressed, no sales reported.
Slaughter Prices - Formula, Carcass Basis, 11,098 head(1) at 186-221.78 $/cwt. for 71.1 ave. lbs., 4,281 head at 187.27-221.32 $/cwt. for 77.40 ave. lbs.; Live Basis, $103.96/cwt. for 137.2 lbs.
Equity Electronic Auction, shorn and wooled 125-140 lbs. for $96/cwt.
Cutout Value/Net Carcass Value(2), $233.95/cwt.
Carcass Price, Choice and Prime, YG 1-4, weighted averages, 2,319 head at 55-65 lbs. for $216.62/cwt., 3,546 head at 65-75 lbs. for $214.91/cwt., 2,181 head at 75-85 lbs. for $214.01/cwt., 679 head at 85 lbs. and up for $206.58/cwt.
Boxed Lamb, weighted average prices ($/cwt.), Trimmed 4" Loins 508.20, Hotel rack(3) 594.96, Leg (trotter off) 258.91, Ground lamb 331.40.
Wool, Price ($/pound) 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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