Market Summary, Week ending February 22, 2008
February 29, 2008
Feeder Prices, San Angelo, 45-60 lbs. for 114-126 $/cwt., 60-70 $/cwt. for 115-124 $/cwt., 70-80 lbs. for 117-123 $/cwt. Slaughter Prices - Negotiated, Live, wooled and shorn 130-165 lbs. for 90.05-105 $/cwt; dressed, no sales reported.
Slaughter Prices - Formula, Carcass Basis, 5,038 head(1) at 183.70-205.74 $/cwt. for 71.6 ave. lbs., 14,947 head at 175.58-206.12 $/cwt. for 78.1 ave. lbs.; Live Basis, $97.71/cwt. for 147.80 lbs.; Live Basis, $97.71/cwt. for 147.80 lbs.
Equity Electronic Auction, shorn and wooled 125 lbs. $95/cwt., 145 lbs. for $93.75/cwt.
Cutout Value/Net Carcass Value(2), $224.95/cwt.
Carcass Price, Choice and Prime, YG 1-4, weighted averages, 1,153 head at 55-65 lbs. for $217.52/cwt., 2,895 head at 65-75 lbs. for $202.99/cwt., 3,266 head at 75-85 lbs. for $200.77/cwt., 1,926 head at 85 lbs. and up for $196.10/cwt.
Boxed Lamb, weighted average prices ($/cwt.), Trimmed 4" Loins 378.43, Hotel rack(3) 592.53, Leg (trotter off) 288.98, Ground lamb 336.13.
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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