ASI Market Report

Market Summary, Week ending April 29, 2016

Feeder Prices ($/cwt.), San Angelo: 49 lbs. for 222; 60-70 lbs. for 190-210; 70-80 lbs. for 179-190; 80-90 lbs. for 168-179; 90-100 lbs. for 164-174.

Slaughter Prices - Negotiated ($/cwt.), wooled and shorn 127-185 lbs. for 117.08-150 (wtd avg 132.12).

Slaughter Prices - Formula1, Only heavier lambs reported: 1,640 head 85-95 lbs. for 255.75; 3,852 head over 95 lbs. for 241.72.

Equity Electronic Auction, No sales.

Cutout Value/Net Carcass Value2, $307.56/cwt.

Carcass Price, Choice and Prime, YG 1-4, $/cwt., weighted averages, 502 head at 55-65 lbs. for 327.72; 1,316 head at 65-75 lbs. for 285.09, 1,233 head at 75-85 lbs. for 274.80; 1,099 head at 85+ lbs. for "no prices reported due to confidentiality".

Boxed Lamb, weighted average prices ($/cwt.), Trimmed 4" Loins 514.99, Rack, roast-ready, frenched (cap-on) 1,351.30, Rack, roast-ready, frenched, special (cap-off) 1,872.09, Leg, trotter-off, partial boneless 475.87, Shoulder, square-cut 272.91, Ground lamb 547.88.

Imported Boxed Lamb, weighted average prices ($/cwt.), AUS Rack (fresh, frenched, cap-off, 28 oz/up) 842.23, AUS Shoulder (fresh, square-cut) 212.61, AUS Leg (fresh, semi boneless) 414.41, AUS Rack (frozen, frenched, cap-off, 28 oz/up) 659.13, NZ Rack (frozen, frenched, cap-off, 20 oz/up) 699.05, AUS Shoulder (frozen, square-cut) 169.41.

Exported Adult Sheep, 0 head

Wool, Price ($/pound) Clean, Delivered, 18 micron (Grade 80s) 4.55, 19 micron (Grade 80s) 4.52, 20 micron (Grade 70s) 4.14-4.30, 21 micron (Grade 64-70s) 4.11-4.27, 22 micron (Grade 64s) 4.06-4.10, 23 micron (Grade 62s) 3.50-4.09, 24 micron (Grade 60-62s) 3.43-3.61, 25 micron (Grade 58s) 3.09, 26 micron (Grade 56-58s) 2.94, 27 micron (Grade 56s) NA, 28 micron (Grade 54s) NA, 29 micron (Grade 50-54s) NA, 30-34 micron (Grade 44-50s) NA.

Australian Wool, Clean, delivered FOB warehouse & gross producers ($/pound), 18 micron (Grade 80s) 3.96-4.49, 19 micron (Grade 80s) 3.83-4.34, 20 micron (Grade 70s) 3.71-4.21, 21 micron (Grade 64-70s) 3.64-4.13, 22 micron (Grade 64s) 3.57-4.05, 23 micron (Grade 62s) 3.54-4.01, 24 micron (Grade 60-62s) NA, 25 micron (Grade 58s) 3.01-3.41, 26 micron (Grade 56-58s) 2.77-3.14, 28 micron (Grade 54s) 2.12-2.40, 30 micron (Grade 50s) 1.85-2.10, 32 micron (Grade 46-48s) 1.61-1.83, Merino Clippings 2.78-3.15.

1Heavier lambs typically bring lower prices per lb. 2The 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's AMS