Market Summary, Week ending November 9, 2007

Reminder: The updated Market Summary can be accessed each Monday at www.sheepusa.org.
Feeder Prices, San Angelo, 60-65 lbs. for 102-103 $/cwt., 70-75 lbs. for 95-97 $/cwt.
Slaughter Prices - Negotiated, Live, wooled and shorn 125-145 lbs. for 89.50-96 $/cwt.; dressed, no sales reported.
Slaughter Prices - Formula, Carcass Basis, 13,977 head⁽¹⁾ at 188.62-217 $/cwt. for 70.80 ave. lbs., 5,829 head at 180.74-218.67 $/cwt. for 78.90 ave. lbs.; Live Basis, $101.58/cwt. for 143.10 lbs.
Equity Electronic Auction, shorn and wooled 125 lbs. for $93.50/cwt.; wooled 135 lbs. for $90.50/cwt.
Cutout Value/Net Carcass Value⁽²⁾, $230.05/cwt.
Carcass Price, Choice and Prime, YG 1-4, weighted averages, 3,372 head at 55-65 lbs. for $213.32/cwt., 4,915 head at 65-75 lbs. for $210.87/cwt., 3,047 head at 75-85 lbs. for $210.70/cwt., 888 head at 85 lbs. and up for $201.65/cwt.
Boxed Lamb, weighted average prices ($/cwt.), Trimmed 4" Loins 489.68, Hotel rack⁽³⁾ 598.45, Leg (trotter off) 258.35, Ground lamb 326.08.
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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