Market Summary, Week ending July 11, 2008
July 18, 2008
The updated Market Summary can be accessed each Monday at www.sheepusa.org.
Feeder Prices, 45-100 lbs. for 95-102 $/cwt., set 85 lbs. for $103/cwt.
Slaughter Prices - Negotiated, Live, wooled and shorn 115-150 lbs. for 109.65-119 $/cwt., dressed, no sales reported.
Slaughter Prices - Formula, Carcass Basis, 7,070 head(1) at 200-234.58 $/cwt. for 68.20 ave. lbs., 3,450 head at 207.79-231.44 $/cwt. for 79.10 ave. lbs.; Live Basis, $113.53/cwt. for 121.7 lbs.
Equity Electronic Auction, shorn and wooled 125-150 lbs. for 112.20-114.50 $/cwt.
Cutout Value/Net Carcass Value(2), $247.49/cwt.
Carcass Price, Choice and Prime, YG 1-4, weighted averages, 2,420 head at 55-65 lbs. for $240.20/cwt., 2,561 head at 65-75 lbs. for $234.52/cwt., 2,376 head at 75-85 lbs. for $233.42/cwt., 1,282 head at 85 lbs. and up for $223.02/cwt.
Boxed Lamb, weighted average prices ($/cwt.), Trimmed 4" Loins 536.03, Hotel rack(3) 562.65, Leg (trotter off) 262.33, Ground lamb 362.37.
Wool, Price ($/lb.) Clean, Delivered, Prices from 4 weeks ago: 18 micron (Grade 80s) no prices reported, 19 micron (Grade 80s) no prices reported, 20 micron (Grade 70s) 3.04, 21 micron (Grade 64-70s) 2.78-2.91, 22 micron (Grade 64s) 2.76-2.85, 23 micron (Grade 62s) 2.61-2.72, 24 micron (Grade 60-62s) 2.35, 25 micron (Grade 58s) 2.25-2.33, 26 micron (Grade 56-58s) no prices reported, 27 micron (Grade 56s) 1.51.
(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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