ASI Weekly Summary

Market Summary, Week ending November 21, 2014

Feeder Prices, San Angelo: 60-70 lbs. for 212-228 $/cwt.; 75-90 lbs. for 200-210 $/cwt.; 100 lbs. for $193/cwt.

Slaughter Prices - Negotiated, wooled and shorn, 133-164 lbs. for 157-175 $/cwt. (wtd. ave. 164.60)

Slaughter Prices - Formula1, 2,984 head at 311.92-336.15 $/cwt. for 72.0 ave. lbs.; 5,376 head at 304.17-335.06 $/cwt. for 77.9 ave. lbs.

Equity Electronic Auction, No sale.

Cutout Value/Net Carcass Value2, $351.08/cwt.

Carcass Price, Choice and Prime, YG 1-4, $/cwt., weighted averages, 1,035 head at 55-65 lbs. for 353.04, 2,313 head at 65-75 lbs. for 343.98, 1,636 head at 75-85 lbs. for 333.38, 763 head at 85 lbs. and up for 322.91.

Boxed Lamb, weighted average prices ($/cwt.), Trimmed 4" Loins 517.35, Rack, roast-ready, frenched (cap-on) 1,511.17, Rack, roast-ready, frenched special (cap-off) 1,988.89, Leg, trotter-off, partial boneless 502.36, Shoulder, square-cut 316.18, Ground lamb 579.44.

Imported Boxed Lamb, weighted average prices ($/cwt.), AUS Rack (fresh, frenched, cap-off, 28 oz/up) 1,089.15, AUS Shoulder (fresh, square-cut) 272.13, AUS Leg (fresh, semi boneless) 415.33, AUS Rack (frozen, frenched, cap-off, 28 oz/up) 1,147.64, NZ Rack (frozen, frenched, cap-off, 20 oz/up) 799.72, AUS Shoulder (frozen, square-cut) 249.62.

Exported Adult Sheep, 332 head

Wool, Price ($/pound) Clean, Delivered, From 2 weeks ago: 18 micron (Grade 80s) NA, 19 micron (Grade 80s) NA, 20 micron (Grade 70s) NA, 21 micron (Grade 64-70s) NA, 22 micron (Grade 64s) NA, 23 micron (Grade 62s) 3.38, 24 micron (Grade 60-62s) 2.73-3.08, 25 micron (Grade 58s) 2.88, 26 micron (Grade 56-58s) 2.69, 27 micron (Grade 56s) 2.03, 28 micron (Grade 54s) NA, 29 micron (Grade 50-54s) 2.05, 30-34 micron (Grade 44-50s) 1.65-1.70.

Australian Wool, Clean, delivered FOB warehouse & gross producers ($/pound) 18 micron (Grade 80s) 3.83-4.34, 19 micron (Grade 80s) 3.67-4.16, 20 micron (Grade 70s) 3.54-4.01, 21 micron (Grade 64-70s) 3.49-3.96, 22 micron (Grade 64s) 3.46-3.92, 23 micron (Grade 62s) 3.43-3.89, 24 micron (Grade 60-62s) NA, 25 micron (Grade 58s) 2.78-3.15, 26 micron (Grade 56-58s) 2.49-2.82, 28 micron (Grade 54s) 2.16-2.45, 30 micron (Grade 50s) 2.06-2.33, 32 micron (Grade 46-48s) 1.90-2.15, Merino Clippings 2.42-2.74 .

1Prices reported for the two weight categories of the largest volume traded. Second, multiplying the carcass prices by an estimated 50.4% dressing percentage yields live weight prices. 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