Market Summary, Week ending February 15, 2008
February 22, 2008
Feeder Prices, San Angelo, 50-60 lbs. for 117-124 $/cwt., 60-70 $/cwt. for 113-120 $/cwt., 70-90 lbs. for 109-119 $/cwt. Slaughter Prices - Negotiated, Live, wooled and shorn 130-160 lbs. for 88-108 $/cwt.; dressed, no sales reported.
Slaughter Prices - Formula, Carcass Basis, 3,630 head(1) at 173.64-209.94 $/cwt. for 73.2 ave. lbs., 13,079 head at 176.32-204.01 $/cwt. for 79 ave. lbs.; Live Basis, $97.61/cwt. for 148.9 lbs.
Equity Electronic Auction, shorn and wooled 125 lbs. for $93.25/cwt.
Cutout Value/Net Carcass Value(2), $225.16/cwt.
Carcass Price, Choice and Prime, YG 1-4, weighted averages, 1,675 head at 55-65 lbs. for $213.37/cwt., 3,283 head at 65-75 lbs. for $203.14/cwt., 3,684 head at 75-85 lbs. for $200.76/cwt., 1,531 head at 85 lbs. and up for $197.14/cwt.
Boxed Lamb, weighted average prices ($/cwt.), Trimmed 4" Loins 391.02, Hotel rack(3) 581.47, Leg (trotter off) 284.01, Ground lamb 321.80.
Wool, Price ($/lb.) Clean, Delivered, 18 micron (Grade 80s) no prices reported, 19 micron (Grade 80s) no prices reported, 20 micron (Grade 70s) no prices reported, 21 micron (Grade 64-70s) 3.45, 22 micron (Grade 64s) no prices reported, 23 micron (Grade 62s) 2.93, 24 micron (Grade 60-62s) 2.65, 25 micron (Grade 58s) 2.25, 26 micron (Grade 56-58s) 2.10, 27 micron (Grade 56s) no 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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