December 21, 2007
Feeder Prices, Virginia, 40-60 lbs. for 95.50-116 $/cwt., 60-90 lbs. for 100-111 $/cwt.
Slaughter Prices - Negotiated, Live, wooled and shorn 130-145 lbs. for 92.15-98 $/cwt.; dressed, no sales reported.
Slaughter Prices - Formula, Carcass Basis, 9,711 head
(1) at 181.51-212.02 $/cwt. for 72.70 ave. lbs., 15,171 head at 182.87-215.27 $/cwt. for 78.40 ave. lbs.;
Live Basis, $99.88/cwt. for 138.90 lbs.
Equity Electronic Auction, shorn and wooled 125 lbs. for $95.25/cwt.
Cutout Value/Net Carcass Value(2), $230.37/cwt.
Carcass Price, Choice and Prime, YG 1-4, weighted averages, 1,120 head at 55-65 lbs. for $214.08/cwt., 2,544 head at 65-75 lbs. for $207.74/cwt., 2,546 head at 75-85 lbs. for $205.66/cwt., 1,140 head at 85 lbs. and up for $200.58/cwt.
Boxed Lamb, weighted average prices ($/cwt.), Trimmed 4" Loins 430.35, Hotel rack
(3) 598.70, Leg (trotter off) 287.40, Ground lamb 323.57.
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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