Market Summary, Week ending December 7, 2007

Feeder Prices, San Angelo, 60-80 lbs. for 100-106.50 $/cwt., 80-90 lbs. for 100-109.50 $/cwt.
Slaughter Prices - Negotiated, Live, wooled and shorn 130-150 lbs. for 89.48-100 $/cwt.; dressed, no sales reported.
Slaughter Prices - Formula, Carcass Basis, 11,959 head⁽¹⁾ at 185.18-210.44 $/cwt. for 72.70 ave. lbs., 11,706 head at 180.72-217.53 $/cwt. for 78.90 ave. lbs.; Live Basis, $100.29/cwt. for 148.30 lbs.
Equity Electronic Auction, shorn and wooled 125 lbs. for $95.25/cwt.
Cutout Value/Net Carcass Value⁽²⁾, $234.15/cwt.
Carcass Price, Choice and Prime, YG 1-4, weighted averages, 2,053 head at 55-65 lbs. for $212.32/cwt., 4,034 head at 65-75 lbs. for $208.59/cwt., 3,887 head at 75-85 lbs. for $207.97/cwt., 1,242 head at 85 lbs. and up for $202.34/cwt.
Boxed Lamb, weighted average prices ($/cwt.), Trimmed 4" Loins 454.57, Hotel rack⁽³⁾ 598.90, Leg (trotter off) 288.28, Ground lamb 329.15.
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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