Market Summary, Week ending March 14, 2008
March 21, 2008
The updated Market Summary can be accessed each Monday at www.sheepusa.org. Feeder Prices, San Angelo, 40-60 lbs. 119-122 $/cwt. (new crop 123-129 $/cwt.), 60-90 lbs. 103-116 $/cwt. (new crop 120-130.50 $/cwt.)
Slaughter Prices - Negotiated, Live, wooled and shorn 135-155 lbs. for 94.33-105 $/cwt., dressed, no sales reported.
Slaughter Prices - Formula, Carcass Basis, 6,838 head(1) at 177.78-205.12 $/cwt. for 71.5 ave. lbs., 15,316 head at 177.48-207.42 $/cwt. for 78.5 ave. lbs.; Live Basis, $97.06/cwt. for 145.50 lbs.
Equity Electronic Auction, shorn and wooled 125 lbs. $94/cwt.
Cutout Value/Net Carcass Value(2), $230.59/cwt.
Carcass Price, Choice and Prime, YG 1-4, weighted averages, 1,433 head at 55-65 lbs. for $214.55/cwt., 2,740 head at 65-75 lbs. for $201.41/cwt., 3,217 head at 75-85 lbs. for $200.09/cwt., 1,783 head at 85 lbs. and up for $194.93/cwt.
Boxed Lamb, weighted average prices ($/cwt.), Trimmed 4" Loins 380.62, Hotel rack(3) 585.11, Leg (trotter off) 302.56, Ground lamb 336.39.
Wool, Price ($/lb.) Clean, Delivered, 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) 3.35, 22 micron (Grade 64?s) 3.06, 23 micron (Grade 62?s) 2.93, 24 micron (Grade 60-62?s) 2.27, 25 micron (Grade 58?s) 2.01, 26 micron (Grade 56-58?s) 1.56, 27 micron (Grade 56?s) 1.60.
(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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