Market Summary, Week Ending May 4, 2007
May 11, 2007
The updated Market Summary can be accessed at www.sheepusa.org each Monday.
Feeder Prices, San Angelo, new crop 40-60 lbs. for 112-116 $/cwt., 70-75 lbs. for $105/cwt.
Slaughter Prices - Negotiated, Live, wooled and shorn 125-150 lbs. for 88.41-104.50 $/cwt., dressed, no sales reported.
Slaughter Prices - Formula, 5,852 head(1) at 175.51-192.14 $/cwt. for 71.5 ave. lbs., 11,646 head at 170.79-194.40 $/cwt. for 78.4 ave. lbs.
Equity Electronic Auction, shorn and wooled 130 lbs. $95/cwt.
Cutout Value/Net Carcass Value(2) $214.47/cwt.
Carcass Price, Choice and Prime, YG 1-4, weighted averages, 938 head at 55-65 lbs. for $224.21/cwt., 1,916 head at 65-75 lbs. for $196.62/cwt., 2,603 head at 75-85 lbs. for $191.92/cwt., 1,423 head at 85 lbs. and up for $176.44/cwt.
Boxed Lamb, weighted average prices ($/cwt.), Trimmed 4" Loins 425.85, Hotel rack(3) 542.16, Leg (trotter off) 262.04, Ground lamb 272.76.
Wool, Price ($/lb.) Clean, Delivered, 18 micron (Grade 80s) no prices reported, 19 micron (Grade 80?s) 3.43-3.84, 20 micron (Grade 70?s) 3.05-3.58, 21 micron (Grade 64-70?s) 3.25-3.31, 22 micron (Grade 64?s) 3.09-3.23, 23 micron (Grade 62?s) 2.72-3.02, 24 micron (Grade 60-62?s) 2.37-2.69, 25 micron (Grade 58?s) 1.79-2.03, 26 micron (Grade 56-58?s) 1.75-1.90, 27 micron (Grade 56) 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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