Market Summary, Week ending April 11, 2008
April 18, 2008
The updated Market Summary can be accessed each Monday at www.sheepusa.org. Feeder Prices, San Angelo, 70-90 lbs. for 102-106 $/cwt.; set 103 lbs. $93.50/cwt., new crop 60-70 lbs. for 115-119.50 $/cwt.
Slaughter Prices - Negotiated, Live, wooled and shorn 120-180 lbs. for 88-108 $/cwt., dressed, no sales reported.
Slaughter Prices - Formula, Carcass Basis, 3,465 head(1) at 182.90-202.94 $/cwt. for 189.82 ave. lbs., 9,713 head at 186.15-206.64 $/cwt. for 76.90 ave. lbs.; Live Basis, $98.18/cwt. for 105.80 lbs.
Equity Electronic Auction, no sale.
Cutout Value/Net Carcass Value(2), $221.87/cwt.
Carcass Price, Choice and Prime, YG 1-4, weighted averages, 1,296 head at 55-65 lbs. for $213.51/cwt., 2,478 head at 65-75 lbs. for $202.23/cwt., 3,361 head at 75-85 lbs. for $200.17/cwt., 2,482 head at 85 lbs. and up for $191.96/cwt.
Boxed Lamb, weighted average prices ($/cwt.), Trimmed 4" Loins 364.06, Hotel rack(3) 556.43, Leg (trotter off) 290.71, Ground lamb 336.08.
Wool, Price ($/lb.) Clean, Delivered, 18 micron (Grade 80s) no prices reported, 19 micron (Grade 80?s) 3.50-3.72, 20 micron (Grade 70?s) 3.42-3.70, 21 micron (Grade 64-70?s) 3.39-3.55, 22 micron (Grade 64?s) 3.13-3.21, 23 micron (Grade 62?s) 2.98-3.02, 24 micron (Grade 60-62?s) 2.48, 25 micron (Grade 58?s) 2.20, 26 micron (Grade 56-58?s) 1.95, 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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