Market Summary, Week ending Oct. 3, 2008

The updated Market Summary can be accessed each Monday at www.sheepusa.org.
Feeder Prices, 60-100 lbs. for 95-102.50 $/cwt.
Slaughter Prices - Negotiated, Live, wooled and shorn 100-155 lbs. for 95-108 $/cwt., dressed, no sales reported.
Slaughter Prices - Formula, Carcass Basis, 12,079 head(1) at 201.50-231.07 $/cwt. for 70.20 ave. lbs., 3,791 head at 202-230.45 $/cwt. for 79.80 ave. lbs.; Live Basis, 145.40 lbs. for $110.10/cwt.
Equity Electronic Auction, shorn and wooled 125-140 lbs. for 95-97.25 $/cwt.
Cutout Value/Net Carcass Value⁽²⁾, $237.74/cwt.
Carcass Price, Choice and Prime, YG 1-4, weighted averages, 2,547 head at 55-65 lbs. for $231.69/cwt., 3,802 head at 65-75 lbs. for $227.03/cwt., 2,976 head at 75-85 lbs. for $225.20/cwt., 983 head at 85 lbs. and up for $220.73/cwt.
Boxed Lamb, weighted average prices ($/cwt.), Trimmed 4" Loins 497.27, Hotel rack, roast-ready, frenched, 1,144.41, Leg (trotter-off, partial boneless) 395.42, Ground lamb 359.60, Shoulder (square-cut) 224.07.
Imported Boxed Lamb, weighted average prices ($/cwt), AUS Rack (fresh, frenched, cap-off, < 20 oz. to 28 oz. +) 879.19, AUS Rack (frozen, frenched, cap-off, 20 oz. to 28 oz. +) 782.29, NZ Rack (frozen, frenched, cap-off, < 8 oz. to 20 oz. +) 670.05, AUS Shoulder (fresh, square-cut) 180.76, AUS Leg (partial boneless, fresh) 322.43.
Exported Adult Sheep, 730 ewes.
Wool, Price ($/lb.) Clean, Delivered,from eleven weeks ago: 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) 3.02, 22 micron (Grade 64s) 3.05, 23 micron (Grade 62s) 2.50-2.87, 24 micron (Grade 60-62s) 2.11, 25 micron (Grade 58s) 2.00, 26 micron (Grade 56-58s) no prices reported, 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.
(Source: USDA/Agricultural Marketing Service)

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