Market Summary, Week ending January 11, 2008

Feeder Prices, San Angelo, 50-80 lbs. for 102-107 $/cwt.
Slaughter Prices - Negotiated, Live, wooled and shorn 130-150 lbs. for 89.40-105 $/cwt.; dressed, no sales reported.
Slaughter Prices - Formula, Carcass Basis, 7,137 head⁽¹⁾ at 180.37-216.37 $/cwt. for 72.70 ave. lbs., 9,144 head at 181.17-213.77 $/cwt. for 79 ave. lbs.; Live Basis, $99.22/cwt. for 142.10 lbs.
Equity Electronic Auction, shorn and wooled 125 lbs. for $89.78.
Cutout Value/Net Carcass Value⁽²⁾, $231.15/cwt.
Carcass Price, Choice and Prime, YG 1-4, weighted averages, 1,566 head at 55-65 lbs. for $214.47/cwt., 2,789 head at 65-75 lbs. for $205.51/cwt., 1,941 head at 75-85 lbs. for $204.98/cwt., 919 head at 85 lbs. and up for $199.79/cwt.
Boxed Lamb, weighted average prices ($/cwt.), Trimmed 4" Loins 429.23, Hotel rack⁽³⁾ 604.86, Leg (trotter off) 284.04, Ground lamb 327.33.
Wool, Price ($/pound) Clean, Delivered, 22 micron (Grade 64?s) 2.90, 24 micron (Grade 60-62?s) 2.29, 25 micron (Grade 58?s) 2.22, 26 micron (Grade 56-58?s) 2.04, no prices reported for other micron.
⁽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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