Market Summary, Week ending March 28, 2008
April 4, 2008
The updated Market Summary can be accessed each Monday at www.sheepusa.org. Feeder Prices, San Angelo, 60-90 lbs. 103-110 $/cwt., set 92 lbs. $96/cwt., new crop 58 lbs. for $120/cwt.
Slaughter Prices - Negotiated, Live, wooled and shorn 130-140 lbs. for 90.30-105 $/cwt., dressed, no sales reported.
Slaughter Prices - Formula, Carcass Basis, 4,797 head(1) 177-204.42 $/cwt. for 70.70 ave. lbs., 13,410 head at 167.61-206.01 $/cwt. for 78 ave. lbs.; Live Basis, $97/cwt. for 165.90 lbs.
Equity Electronic Auction, shorn and wooled 125 lbs. $92.25/cwt.
Cutout Value/Net Carcass Value(2), $225.61/cwt.
Carcass Price, Choice and Prime, YG 1-4, weighted averages, 1,069 head at 55-65 lbs. for $213.46/cwt., 2,863 head at 65-75 lbs. for $202.02/cwt., 2,974 head at 75-85 lbs. for $200.48/cwt., 1,508 head at 85 lbs. and up for $193.56/cwt.
Boxed Lamb, weighted average prices ($/cwt.), Trimmed 4" Loins 367.09, Hotel rack(3) 587.97, Leg (trotter off) 297.80, Ground lamb 330.22.
Wool, Price ($/lb.) Clean, Delivered, From two weeks ago: 18 micron (Grade 80s) no prices reported, 19 micron (Grade 80?s) 3.69, 20 micron (Grade 70?s) 3.00-3.58, 21 micron (Grade 64-70?s) 3.29, 22 micron (Grade 64?s) 3.22, 23 micron (Grade 62?s) 3.04, 24 micron (Grade 60-62?s) 2.51, 25 micron (Grade 58?s) 2.24, 26 micron (Grade 56-58?s) 1.97, 27 micron (Grade 56?s) 1.55.
(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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