ASI Market Report

Market Summary, Week ending November 24, 2016

Feeder Prices ($/cwt.), From 2 weeks ago: San Angelo: 60-70 lbs. 188-192; 70-80 lbs. 156-176; 80-90 lbs. 144-160; 90-100 lbs. 142-148; 100 lbs. 138.

Slaughter Prices - Negotiated ($/cwt.), Wooled and shorn 124-177 lbs. for 125.34-165.00 (wtd avg 141.90).

Slaughter Prices - Formula1, Most prices not reported; 65-75 lbs. for $302.75.

Equity Electronic Auction, Not reported.

Cutout Value/Net Carcass Value2, $323.34/cwt.

Carcass Price, Choice and Prime, YG 1-4, $/cwt., weighted averages, 284 head at 55-65 lbs. 348.27; 664 head at 65-75 lbs. 311.42, 518 head at 75-85 lbs. 309.80; 375 head at 85+ lbs. 304.32.

Boxed Lamb, weighted average prices ($/cwt.), Trimmed 4" Loins 550.54; Rack, roast-ready, frenched (cap-on) 1,369.46; Rack, roast-ready, frenched, special (cap-off) 1,740.31; Leg, trotter-off, partial boneless 483.95; Shoulder, square-cut 297.07, Ground lamb 514.75.

Imported Boxed Lamb, weighted average prices ($/cwt.), AUS Rack (fresh, frenched, cap-off, 28 oz/up) 834.03, AUS Shoulder (fresh, square-cut) 229.81, AUS Leg (fresh, semi boneless) 361.52, AUS Rack (frozen, frenched, cap-off, 28 oz/up) 685.63, NZ Rack (frozen, frenched, cap-off, 20 oz/up) 772.49, AUS Shoulder (frozen, square-cut) 213.47.

Exported Adult Sheep, 339 head.

Wool, Price ($/pound) Clean, From 23 weeks ago: Delivered, 18 micron (Grade 80s) NA, 19 micron (Grade 80s) NA, 20 micron (Grade 70s) NA, 21 micron (Grade 64-70s) 4.38-4.973.61, 22 micron (Grade 64s) 3.54-3.76, 23 micron (Grade 62s) NA, 24 micron (Grade 60-62s) 3.33, 25 micron (Grade 58s) 2.93-3.38, 26 micron (Grade 56-58s) NA, 27 micron (Grade 56s) 2.02, 28 micron (Grade 54s) 1.85, 29 micron (Grade 50-54s) NA, 30-34 micron (Grade 44-50s) 1.65.

Australian Wool, From 2 weeks ago: Clean, delivered FOB warehouse & gross producers ($/pound), 18 micron (Grade 80s) 4.26-4.83, 19 micron (Grade 80s) 4.11-4.66, 20 micron (Grade 70s) 3.81-4.31, 21 micron (Grade 64-70s) 3.62-4.10, 22 micron (Grade 64s) 3.58-4.05, 23 micron (Grade 62s) 3.53-4.01, 24 micron (Grade 60-62s) NA, 25 micron (Grade 58s) 2.83-3.21, 26 micron (Grade 56-58s) 2.63-2.98, 28 micron (Grade 54s) 1.82-2.06, 30 micron (Grade 50s) 1.54-1.74, 32 micron (Grade 46-48s) 1.24-1.40, Merino Clippings 2.92-3.31.

1Heavier carcasses typically receive 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 AMS