November 2, 2007
The U.S. Department of Agriculture's prices for wool the week beginning Oct. 31, 2007, can be accessed at www.fsa.usda.gov/FSA/webapp?area=home&subject=ecpa&topic=fta-wm.
;Posted prices for ungraded wool (per lb./greasy basis) for the week are: Region 1, $0.27; Region 2, $0.25; and Region 3, $0.23.
;The LDP rate for ungraded wool is $0.15 per lb. greasy.
;These rates are used to determine the loan repayment rates for marketing assistance loans and to calculate loan deficiency payment. Market Summary, Week ending October 26, 2007 Feeder Prices
, San Angelo, 60-70 lbs. for 100-104 $/cwt., 70-90 lbs. for 97-102 $/cwt. Slaughter Prices - Negotiated
, Live, wooled and shorn 130-150 lbs. for 90-99.50 $/cwt.; dressed, no sales reported. Slaughter Prices - Formula
, Carcass Basis, 13,690 head(1)
at 189.90-221.16 $/cwt. for 70.90 ave. lbs., 5,364 head at 187.27-220.03 $/cwt. for 77.20 ave. lbs.; Live Basis
, $102.51/cwt. for 143.90 lbs. Equity Electronic Auction
, shorn and wooled 120-140 lbs. for $95.75/cwt. Cutout Value/Net Carcass Value(2)
, $233.38/cwt. Carcass Price
, Choice and Prime, YG 1-4, weighted averages, 2,294 head at 55-65 lbs. for $216.27/cwt., 2,404 head at 65-75 lbs. for $214.27/cwt., 1,364 head at 75-85 lbs. for $213.51/cwt., 499 head at 85 lbs. and up for $208.41/cwt. Boxed Lamb
, weighted average prices ($/cwt.), Trimmed 4" Loins 511.73, Hotel rack(3)
587.88, Leg (trotter off) 259.80, Ground lamb 324.13. 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)