Market Summary, Week ending Nov. 14, 2008

The updated Market Summary can be accessed each Monday at www.sheepusa.org.
Feeder Prices, 60-95 lbs. for 97-107 $/cwt.
Slaughter Prices - Negotiated, Live, wooled and shorn 90-150 lbs. for 95.89-106 $/cwt., dressed, no sales reported.
Slaughter Prices - Formula, Carcass Basis, 9,135 head(1) at 197.75-225.98 $/cwt. for 68.2 ave. lbs., 5,193 head at 202.80-228.01 $/cwt. for 78.30 ave. lbs.; Live Basis, 155.90 lbs. for $107.52/cwt.
Equity Electronic Auction, shorn and wooled 125 lbs. for $99/cwt.
Cutout Value/Net Carcass Value⁽²⁾, $233.89/cwt.
Carcass Price, Choice and Prime, YG 1-4, weighted averages, 2,634 head at 55-65 lbs. for $225.78/cwt., 3,740 head at 65-75 lbs. for $220.76/cwt., 2,964 head at 75-85 lbs. for $218.56/cwt., 992 head at 85 lbs. and up for $214.42/cwt.
Boxed Lamb, weighted average prices ($/cwt.), Trimmed 4" Loins 428.84, Hotel rack, roast-ready, frenched, 1,075.10, Leg (trotter-off, partial boneless) 373.46, Ground lamb 373.11, Shoulder (square-cut) 228.71.
Imported Boxed Lamb, weighted average prices ($/cwt), AUS Rack (fresh, frenched, cap-off, < 20 oz. to 28 oz. +) 894.82, AUS Rack (frozen, frenched, cap-off, 20 oz./dn & 24-28 oz. +) 832.70, NZ Rack (frozen, frenched, cap-off, < 8 oz. to 20 oz. +) 661.44, AUS Shoulder (fresh, square-cut) 189.03, AUS Leg (partial boneless, fresh) 321.98.
Exported Adult Sheep, 3,678 ewes.
Wool, Price ($/lb.) Clean, Delivered, from 16 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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