ASI Market Report

Market Summary, Week ending June 17, 2016

Feeder Prices ($/cwt.), San Angelo: 50-60 lbs. for 196-210; 60-70 lbs. for 176-191; 70-90 lbs. for 175-187; 93 lbs. for 179.

Slaughter Prices - Negotiated ($/cwt.), wooled and shorn 125-174 lbs. for 130-170 (wtd avg 149.07).

Slaughter Prices - Formula, No prices reported.

Equity Electronic Auction, No sales.

Cutout Value/Net Carcass Value1, $307.20/cwt.

Carcass Price, Choice and Prime, YG 1-4, $/cwt., weighted averages, 453 head at 55-65 lbs. not reported due to confidentiality; 1,226 head at 65-75 lbs. for 297.79, 1,160 head at 75-85 lbs. for 284.81; 1,684 head at 85+ lbs. not reported.

Boxed Lamb, weighted average prices ($/cwt.), Trimmed 4" Loins 525.80, Rack, roast-ready, frenched (cap-on) 1,251.65, Rack, roast-ready, frenched, special (cap-off) 1,754.09, Leg, trotter-off, partial boneless 474.47, Shoulder, square-cut 278.26, Ground lamb 530.85.

Imported Boxed Lamb, weighted average prices ($/cwt.), AUS Rack (fresh, frenched, cap-off, 28 oz/up) 840.04, AUS Shoulder (fresh, square-cut) 230.17, AUS Leg (fresh, semi boneless) 392.47, AUS Rack (frozen, frenched, cap-off, 28 oz/up) 717.50, NZ Rack (frozen, frenched, cap-off, 20 oz/up) 719.64, AUS Shoulder (frozen, square-cut) 174.11.

Exported Adult Sheep, 0 head

Wool, Price ($/pound) Clean, Delivered, From 3 weeks ago: 18 micron (Grade 80s) NA, 19 micron (Grade 80s) 4.10-4.39, 20 micron (Grade 70s) NA, 21 micron (Grade 64-70s) 3.98, 22 micron (Grade 64s) 3.69-3.84, 23 micron (Grade 62s) 3.51-3.76, 24 micron (Grade 60-62s) 3.41, 25 micron (Grade 58s) 3.29, 26 micron (Grade 56-58s) 3.14, 27 micron (Grade 56s) 2.42-2.51, 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) 3.89-4.41, 19 micron (Grade 80s) 3.81-4.32, 20 micron (Grade 70s) 3.69-4.18, 21 micron (Grade 64-70s) 3.63-4.12, 22 micron (Grade 64s) 3.59-4.07, 23 micron (Grade 62s) 3.57-4.05, 24 micron (Grade 60-62s) NA, 25 micron (Grade 58s) 3.13-3.54, 26 micron (Grade 56-58s) 2.88-3.26, 28 micron (Grade 54s) 2.08-2.36, 30 micron (Grade 50s) 1.88-2.13, 32 micron (Grade 46-48s) 1.55-1.75, Merino Clippings 2.84-3.21.

1The 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