Market Summary, Week ending November 2, 2007

Reminder: The updated Market Summary can be accessed each Monday at www.sheepusa.org.
Feeder Prices, San Angelo, 50-70 lbs. for 94-98.50 $/cwt., 70-80 lbs. for 92-97 $/cwt.
Slaughter Prices - Negotiated, Live, wooled and shorn 125-150 lbs. for 91.25-98 $/cwt.; dressed, no sales reported.
Slaughter Prices - Formula, Carcass Basis, 15,796 head⁽¹⁾ at 184-221.83 $/cwt. for 71.20 ave. lbs., 1,951 head at 183.47-219.95 $/cwt. for 78.40 ave. lbs.; Live Basis, $101.68/cwt. for 142.20 lbs.
Equity Electronic Auction, shorn and wooled 125 lbs. for $90/cwt.
Cutout Value/Net Carcass Value⁽²⁾, $233.52/cwt.
Carcass Price, Choice and Prime, YG 1-4, weighted averages, 3,036 head at 55-65 lbs. for $215.27/cwt., 4,681 head at 65-75 lbs. for $212.80/cwt., 2,753 head at 75-85 lbs. for $212.52/cwt., 558 head at 85 lbs. and up for $204.10/cwt.
Boxed Lamb, weighted average prices ($/cwt.), Trimmed 4" Loins 501.13, Hotel rack⁽³⁾ 590.49, Leg (trotter off) 262.19, Ground lamb 327.92.
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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