Market Summary, Week ending February 1, 2008

Feeder Prices, San Angelo, 50-60 lbs. for 110-115 $/cwt., 60-80 $/cwt. for 105-112.50 $/cwt., 80-90 lbs. for 109-110 $/cwt.
Slaughter Prices - Negotiated, Live, wooled and shorn 130-160 lbs. for 88.84-105 $/cwt.; dressed, no sales reported.
Slaughter Prices - Formula, Carcass Basis, 10,262 head⁽¹⁾ at 186.89-208.30 $/cwt. for 72.5 ave. lbs., 8,590 head at 176.39-207.31 $/cwt. for 79.6 ave. lbs.; Live Basis, $97.25/cwt. for 148.1 lbs.
Equity Electronic Auction, no sales.
Cutout Value/Net Carcass Value⁽²⁾, $226.64/cwt.
Carcass Price, Choice and Prime, YG 1-4, weighted averages, 1,514 head at 55-65 lbs. for $215.05/cwt., 3,472 head at 65-75 lbs. for $204.72/cwt., 3,783 head at 75-85 lbs. for $203.08/cwt., 1,757 head at 85 lbs. and up for $198.10/cwt.
Boxed Lamb, weighted average prices ($/cwt.), Trimmed 4" Loins 395, Hotel rack⁽³⁾ 598.31, Leg (trotter off) 278.41, Ground lamb 328.23.
Wool, Price ($/pound) Clean, Delivered, No new prices reported this week. Prices from 4 weeks ago: 20 micron (Grade 70?s) 3.30, 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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