Market Summary, Week ending November 23, 2007

Feeder Prices, Intermountain Area, 50-60 lbs. for 107-109.50 $/cwt., 60-70 lbs. for 100-109 $/cwt.
Slaughter Prices - Negotiated, Live, wooled and shorn 135-150 lbs. for 90.08-94.50 $/cwt.; dressed, no sales reported.
Slaughter Prices - Formula, Carcass Basis, 14,011 head⁽¹⁾ at 189.97-221.90 $/cwt. for 71.50 ave. lbs., 10,233 head at 178.28-213.23 $/cwt. for 78.90 ave. lbs.; Live Basis, $100.91/cwt. for 147.20 lbs.
Equity Electronic Auction, shorn and wooled 125 lbs. for $94.50/cwt.
Cutout Value/Net Carcass Value⁽²⁾, $233.20/cwt.
Carcass Price, Choice and Prime, YG 1-4, weighted averages, 2,126 head at 55-65 lbs. for $212.60/cwt., 4,041 head at 65-75 lbs. for $208.88/cwt., 3,199 head at 75-85 lbs. for $209.24/cwt., 903 head at 85 lbs. and up for $203.18/cwt.
Boxed Lamb, weighted average prices ($/cwt.), Trimmed 4" Loins 469.63, Hotel rack⁽³⁾ 585.12, Leg (trotter off) 276.65, Ground lamb 329.00.
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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