Market Summary, Week ending January 4, 2008<

Feeder Prices, Virginia, 60-90 lbs. for $98/cwt.
Slaughter Prices - Negotiated, Live, wooled and shorn 120-145 lbs. for 92.16-99.64 $/cwt.; dressed, no sales reported.
Slaughter Prices - Formula, Carcass Basis, 5,449 head⁽¹⁾ at 188.59-209.41 $/cwt. for 72.50 ave. lbs., 9,696 head at 178.60-216.11 $/cwt. for 79.10 ave. lbs.; Live Basis, $99.38/cwt. for 147.10 lbs.
Equity Electronic Auction, shorn and wooled 125 lbs. for $93/cwt., shorn 150 lbs. for $90.75/cwt.
Cutout Value/Net Carcass Value⁽²⁾, $230.61/cwt.
Carcass Price, Choice and Prime, YG 1-4, weighted averages, 1,882 head at 55-65 lbs. for $212.53/cwt., 3,502 head at 65-75 lbs. for $207.08/cwt., 3,203 head at 75-85 lbs. for $206.30/cwt., 1,213 head at 85 lbs. and up for $200.45/cwt.
Boxed Lamb, weighted average prices ($/cwt.), Trimmed 4" Loins 428.68, Hotel rack⁽³⁾ 599.69, Leg (trotter off) 287.47, Ground lamb 331.55.
Wool, Price ($/pound) Clean, Delivered, No new prices reported.
⁽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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