LM_LM352 St. Joseph, MO Fri Apr 20, 2018 USDA Market News National Weekly Slaughter Sheep Review for w/e Friday, April 20, 2018 Comments: Compared to last week, negotiated purchases of slaughter lambs were steady to 1.00 lower on comparable sales. Negotiated Purchases: This Week: 3100 Last Week: 3700 Last Year: 3900 Domestic Slaughter Lambs Choice and Prime: Live Purchases: Weight Price Wtd Avg Range Range Price Wooled and Shorn 134-159 lbs 135.00-158.84 148.82 -------------------------------------------------------------------------------- Formula Purchases: Formula purchase information for previously slaughtered lambs (carcass basis) Weighted Average Weight: 90.00 lbs Weighted Average Net Price: 269.25 Weighted Average Dressing Percent: 50.13 ---------------------------------------------------------------------------------- Comprehensive Information: Includes all Negotiated & Formula transactions submitted this week (carcass basis) Weighted Average Weight: 87.56 lbs Weighted Average Net Price: 275.95 Weighted Average Dressing Percent: 50.06 Note: Each lot of live basis transactions is converted to carcass basis using the estimated dressing percentage packers report for that lot. For example, a live price of $131.30 divided by a dressing percentage of 50.51% equals a $259.95 carcass basis price. These converted prices are aggregated with existing carcass basis prices to determine the weighted average net price. ---------------------------------------------------------------------------------- This report covers transactions reported this week. Comments and market conditions include information gathered from voluntary sources. All prices, weights, and head counts are gathered through the Livestock Mandatory Reporting system. *For more information, please visit www.ams.usda.gov/ConfidentialityGuidelines* Source: USDA Market News Service, St. Joseph, MO 816-676-7000 stjoe.lpgmn@usda.gov www.ams.usda.gov/mnreports/LM_LM352.txt www.ams.usda.gov/market-news/livestock-poultry-grain 1500c staff