3) The following quarterly seasonal price indices have been calculated for market lamb prices based on historical data. Use these indices to make a price estimate for the 3rd and 4th quarter of the current year. Market lamb prices in the 1st quarter of this year were $1.75 per lb. Market Lamb Seasonal Price Indices 1st quarter 92 2nd quarter 105 3rd quarter 96 4 quarter - 108 A B D E F G 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 Week Fed Cattle Price Boxed Beef Cutout Byproduct/ drop Per cwt live per cwt carcass per cwt live 01/05/19 $122.93 $215.75 $8.88 01/12/19 $123.85 $213.70 $9.01 01/19/19 $123.95 $212.36 $8.98 01/26/19 $122.89 $216.71 $8.95 02/02/19 $123.94 $216.65 $8.96 02/09/19 $124.98 $216.86 $9.01 02/16/19 $124.96 $216.68 $9.03 02/23/19 $125.87 $217.72 $9.06 03/02/19 $128.00 $219.98 $8.98 03/09/19 $127.98 $224.94 $9.00 03/16/19 $126.97 $227.70 $9.06 03/23/19 $128.00 $228.95 $9.09 03/30/19 $125.35 $228.20 $9.17 04/06/19 $123.91 $226.48 $9.18 04/13/19 $124.10 $228.72 $9.14 04/20/19 $126.01 $232.50 $9.12 04/27/19 $125.63 $233.49 $8.91 05/04/19 $122.36 $230.27 $8.59 05/11/19 $119.85 $223.49 $8.47 05/18/19 $115.71 $220.23 $8.32 05/25/19 $114.38 $220.64 $8.31 06/01/19 $115.01 $223.40 $8.27 06/08/19 $112.70 $222.57 $8.25 06/15/19 $110.89 $222.11 $8.25 06/22/19 $109.68 $220.90 $8.28 06/29/19 $108.87 $219.55 $8.46 07/06/19 $108.92 $219.28 $8.48 07/13/19 $111.89 $214.64 $8.53 07/20/19 $110.97 $213.11 $8.74 07/27/19 $111.99 $213.09 $8.88 08/03/19 $111.00 $213.96 $8.89 08/10/19 $109.62 $216.04 $8.97 08/17/19 $105.25 $230.43 $9.16 08/24/19 $105.98 $239.87 $9.25 08/31/19 $102.29 $234.35 $9.17 09/07/19 $99.96 $229.51 $9.18 09/14/19 $99.48 $222.61 $9.12 09/21/19 $100.99 $218.75 $9.05 09/28/19 $103.68 $214.51 $8.96 10/05/19 $106.86 $212.58 $8.95 10/12/19 $108.65 $214.12 $8.91 10/19/19 $108.00 $217.93 $8.84 10/26/19 $109.77 $223.08 $8.90 11/02/19 $112.03 $230.78 $8.84 11/09/19 $114.18 $237.08 $8.88 11/16/19 $114.98 $240.66 $8.92 11/23/19 $115.97 $236.75 $8.95 11/30/19 $118.25 $232.36 $9.13 12/07/19 $119.01 $227.97 $9.08 12/14/19 $118.86 $219.14 $9.17 12/21/19 $120.00 $211.63 $9.14 12/28/19 $122.00 $210.23 $8.92 01/04/20 $124.00 $208.96 $8.82 01/11/20 $124.00 $209.74 $8.90 01/18/20 $123.95 $212.58 $9.19 01/25/20 $123.88 $214.78 $9.20 02/01/20 $122.02 $213.26 $9.13 02/08/20 $120.97 $210.85 $9.12 02/15/20 $118.93 $207.52 $9.07 02/22/20 $119.93 $205.71 $9.07 02/29/20 $115.01 $206.34 $8.92 03/07/20 $112.80 $206.94 $8.75 03/14/20 $108.70 $207.15 $8.54 03/21/20 $110.22 $243.03 $8.33 03/28/20 $119.58 $255.07 $8.16 04/04/20 $111.29 $238.47 $8.03 04/11/20 $105.00 $225.37 $8.01 04/18/20 $103.18 $231.58 $6.99 04/25/20 $99.04 $272.33 $6.71 05/02/20 $101.34 $349.01 $6.80 05/09/20 $108.05 $441.53 $6.87 05/16/20 $113.73 $459.04 $6.79 05/23/20 $117.68 $405.40 $7.01 05/30/20 $116.34 $374.04 $7.12 06/06/20 $112.18 $297.90 $7.13 06/13/20 $105.37 $240.77 $7.17 06/20/20 $100.87 $220.34 $7.11 06/27/20 $95.86 $210.20 $7.11 07/04/20 $94.31 $206.54 $6.94 07/11/20 $94.71 $204.54 $6.84 07/18/20 $95.38 $201.24 $6.92 07/25/20 $95.68 $201.56 $6.88 08/01/20 $96.86 $202.34 $7.08 08/08/20 $100.01 $204.52 $7.24 08/15/20 $104.08 $209.91 $7.59 45 $101.70 $98.86 $97.39 $102.77 $101.67 $100.89 $100.75 $100.91 $100.96 $105.96 $109.79 $110.04 $112.02 $111.75 $113.76 $115.61 $116.77 $116.50 $112.11 $112.84 $114.57 $116.66 $118.12 $119.47 $119.50 $119.14 $118.84 $111.28 $110.88 $109.98 $111.85 $115.39 $134.34 $143.14 $141.23 $138.73 $132.25 $126.81 $119.79 $114.67 $114.38 $118.77 $122.21 $127.59 $131.78 $134.60 $129.73 $123.24 $118.04 $109.45 $100.77 $97.15 $93.78 $94.64 $97.82 $100.10 $100.37 $99.00 $97.66 $94.85 $100.25 $102.89 $106.99 $141.14 $143.65 $135.21 $128.38 $135.39 $180.00 $254.47 $340.35 $352.10 $294.73 $264.82 $192.85 $142.57 $126.58 $121.45 $119.17 $116.67 $112.78 $112.76 $112.56 $111.75 $113.42 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 3) The following quarterly seasonal price indices have been calculated for market lamb prices based on historical data. Use these indices to make a price estimate for the 3rd and 4th quarter of the current year. Market lamb prices in the 1st quarter of this year were $1.75 per lb. Market Lamb Seasonal Price Indices 1st quarter 92 2nd quarter 105 3rd quarter 96 4 quarter - 108 A B D E F G 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 Week Fed Cattle Price Boxed Beef Cutout Byproduct/ drop Per cwt live per cwt carcass per cwt live 01/05/19 $122.93 $215.75 $8.88 01/12/19 $123.85 $213.70 $9.01 01/19/19 $123.95 $212.36 $8.98 01/26/19 $122.89 $216.71 $8.95 02/02/19 $123.94 $216.65 $8.96 02/09/19 $124.98 $216.86 $9.01 02/16/19 $124.96 $216.68 $9.03 02/23/19 $125.87 $217.72 $9.06 03/02/19 $128.00 $219.98 $8.98 03/09/19 $127.98 $224.94 $9.00 03/16/19 $126.97 $227.70 $9.06 03/23/19 $128.00 $228.95 $9.09 03/30/19 $125.35 $228.20 $9.17 04/06/19 $123.91 $226.48 $9.18 04/13/19 $124.10 $228.72 $9.14 04/20/19 $126.01 $232.50 $9.12 04/27/19 $125.63 $233.49 $8.91 05/04/19 $122.36 $230.27 $8.59 05/11/19 $119.85 $223.49 $8.47 05/18/19 $115.71 $220.23 $8.32 05/25/19 $114.38 $220.64 $8.31 06/01/19 $115.01 $223.40 $8.27 06/08/19 $112.70 $222.57 $8.25 06/15/19 $110.89 $222.11 $8.25 06/22/19 $109.68 $220.90 $8.28 06/29/19 $108.87 $219.55 $8.46 07/06/19 $108.92 $219.28 $8.48 07/13/19 $111.89 $214.64 $8.53 07/20/19 $110.97 $213.11 $8.74 07/27/19 $111.99 $213.09 $8.88 08/03/19 $111.00 $213.96 $8.89 08/10/19 $109.62 $216.04 $8.97 08/17/19 $105.25 $230.43 $9.16 08/24/19 $105.98 $239.87 $9.25 08/31/19 $102.29 $234.35 $9.17 09/07/19 $99.96 $229.51 $9.18 09/14/19 $99.48 $222.61 $9.12 09/21/19 $100.99 $218.75 $9.05 09/28/19 $103.68 $214.51 $8.96 10/05/19 $106.86 $212.58 $8.95 10/12/19 $108.65 $214.12 $8.91 10/19/19 $108.00 $217.93 $8.84 10/26/19 $109.77 $223.08 $8.90 11/02/19 $112.03 $230.78 $8.84 11/09/19 $114.18 $237.08 $8.88 11/16/19 $114.98 $240.66 $8.92 11/23/19 $115.97 $236.75 $8.95 11/30/19 $118.25 $232.36 $9.13 12/07/19 $119.01 $227.97 $9.08 12/14/19 $118.86 $219.14 $9.17 12/21/19 $120.00 $211.63 $9.14 12/28/19 $122.00 $210.23 $8.92 01/04/20 $124.00 $208.96 $8.82 01/11/20 $124.00 $209.74 $8.90 01/18/20 $123.95 $212.58 $9.19 01/25/20 $123.88 $214.78 $9.20 02/01/20 $122.02 $213.26 $9.13 02/08/20 $120.97 $210.85 $9.12 02/15/20 $118.93 $207.52 $9.07 02/22/20 $119.93 $205.71 $9.07 02/29/20 $115.01 $206.34 $8.92 03/07/20 $112.80 $206.94 $8.75 03/14/20 $108.70 $207.15 $8.54 03/21/20 $110.22 $243.03 $8.33 03/28/20 $119.58 $255.07 $8.16 04/04/20 $111.29 $238.47 $8.03 04/11/20 $105.00 $225.37 $8.01 04/18/20 $103.18 $231.58 $6.99 04/25/20 $99.04 $272.33 $6.71 05/02/20 $101.34 $349.01 $6.80 05/09/20 $108.05 $441.53 $6.87 05/16/20 $113.73 $459.04 $6.79 05/23/20 $117.68 $405.40 $7.01 05/30/20 $116.34 $374.04 $7.12 06/06/20 $112.18 $297.90 $7.13 06/13/20 $105.37 $240.77 $7.17 06/20/20 $100.87 $220.34 $7.11 06/27/20 $95.86 $210.20 $7.11 07/04/20 $94.31 $206.54 $6.94 07/11/20 $94.71 $204.54 $6.84 07/18/20 $95.38 $201.24 $6.92 07/25/20 $95.68 $201.56 $6.88 08/01/20 $96.86 $202.34 $7.08 08/08/20 $100.01 $204.52 $7.24 08/15/20 $104.08 $209.91 $7.59 45 $101.70 $98.86 $97.39 $102.77 $101.67 $100.89 $100.75 $100.91 $100.96 $105.96 $109.79 $110.04 $112.02 $111.75 $113.76 $115.61 $116.77 $116.50 $112.11 $112.84 $114.57 $116.66 $118.12 $119.47 $119.50 $119.14 $118.84 $111.28 $110.88 $109.98 $111.85 $115.39 $134.34 $143.14 $141.23 $138.73 $132.25 $126.81 $119.79 $114.67 $114.38 $118.77 $122.21 $127.59 $131.78 $134.60 $129.73 $123.24 $118.04 $109.45 $100.77 $97.15 $93.78 $94.64 $97.82 $100.10 $100.37 $99.00 $97.66 $94.85 $100.25 $102.89 $106.99 $141.14 $143.65 $135.21 $128.38 $135.39 $180.00 $254.47 $340.35 $352.10 $294.73 $264.82 $192.85 $142.57 $126.58 $121.45 $119.17 $116.67 $112.78 $112.76 $112.56 $111.75 $113.42 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87