Market Summary, Week ending March 7, 2008
March 14, 2008
Feeder Prices, San Angelo, 40-60 lbs. for 114-122.50 $/cwt., 60-90 $/cwt. for 110-118 $/cwt., 90-100 lbs. for 113-119 $/cwt. Slaughter Prices - Negotiated, Live, wooled and shorn 125-155 lbs. for 90.66-105 $/cwt.; dressed, no sales reported.
Slaughter Prices - Formula, Carcass Basis, 9,353 head(1) at 185.99-206.73 $/cwt. for 73.5 ave. lbs., 10,307 head at 173.63-207.43 $/cwt. for 79.3 ave. lbs.; Live Basis, $95.57/cwt. for 144 lbs.
Equity Electronic Auction, shorn and wooled 125 lbs. $96.25/cwt.
Cutout Value/Net Carcass Value(2), $226.68/cwt.
Carcass Price, Choice and Prime, YG 1-4, weighted averages, 1,481 head at 55-65 lbs. for $213.29/cwt., 3,586 head at 65-75 lbs. for $202.93/cwt., 3,723 head at 75-85 lbs. for $201.64/cwt., 2,493 head at 85 lbs. and up for $195.99/cwt.
Boxed Lamb, weighted average prices ($/cwt.), Trimmed 4" Loins 384.38, Hotel rack(3) 601.05, Leg (trotter off) 294.82, Ground lamb 333.67.
Wool, Price ($/lb.) Clean, Delivered, Prices 3 weeks ago: 18 micron (Grade 80s) no prices reported, 19 micron (Grade 80?s) no prices reported, 20 micron (Grade 70?s) 3.00-3.25, 21 micron (Grade 64-70?s) 3.10, 22 micron (Grade 64?s) 3.00, 23 micron (Grade 62?s) 2.64, 24 micron (Grade 60-62?s) 2.47, 25 micron (Grade 58?s) 1.93, 26 micron (Grade 56-58?s) 1.95, 27 micron (Grade 56?s) 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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