ASI Market Report

Market Summary, Week ending May 20, 2016

Feeder Prices ($/cwt.), San Angelo: 50-60 lbs. for 202-206; 65-70 lbs. for 183-184; 70-80 lbs. for 178-186; 80-90 lbs. for 174-180; 90-110 lbs. for 169-179.

Slaughter Prices - Negotiated ($/cwt.), wooled and shorn 126-197 lbs. for 130.00-157.50 (wtd avg 139.03).

Slaughter Prices - Formula1, 55-85 lbs. not reported; 85-95 lbs. for 268.56; over 95 lbs. for 248.51.

Equity Electronic Auction, No sales.

Cutout Value/Net Carcass Value2, $308.84/cwt.

Carcass Price, Choice and Prime, YG 1-4, $/cwt., weighted averages, 560 head at 55-65 lbs. for 326.87; 1,151 head at 65-75 lbs. for 285.74, 1,243 head at 75-85 lbs. for 275.79; 1,574 head at 85+ lbs. not reported due to confidentiality.

Boxed Lamb, weighted average prices ($/cwt.), Trimmed 4" Loins 523.78, Rack, roast-ready, frenched (cap-on) 1,280.87, Rack, roast-ready, frenched, special (cap-off) 1,725.08, Leg, trotter-off, partial boneless 481.03, Shoulder, square-cut 273.99, Ground lamb 535.11.

Imported Boxed Lamb, weighted average prices ($/cwt.), AUS Rack (fresh, frenched, cap-off, 28 oz/up) 818.85, AUS Shoulder (fresh, square-cut) 187.37, AUS Leg (fresh, semi boneless) 378.54, AUS Rack (frozen, frenched, cap-off, 28 oz/up) 658.71, NZ Rack (frozen, frenched, cap-off, 20 oz/up) 744.42, AUS Shoulder (frozen, square-cut) 165.98.

Exported Adult Sheep, 301 head

Wool, Price ($/pound) Clean, Delivered, ** denotes new prices: 18 micron (Grade 80s) 4.52, 19 micron (Grade 80s) 4.42, 20 micron (Grade 70s) 4.26**, 21 micron (Grade 64-70s) 3.91-4.09, 22 micron (Grade 64s) 4.17**, 23 micron (Grade 62s) 3.45-4.02, 24 micron (Grade 60-62s) 3.22-3.40, 25 micron (Grade 58s) 3.06-3.26, 26 micron (Grade 56-58s) NA, 27 micron (Grade 56s) NA, 28 micron (Grade 54s) 2.36, 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) 3.90-4.42, 19 micron (Grade 80s) 3.79-4.30, 20 micron (Grade 70s) 3.62-4.11, 21 micron (Grade 64-70s) 3.55-4.02, 22 micron (Grade 64s) 3.50-3.97, 23 micron (Grade 62s) 3.45-3.91, 24 micron (Grade 60-62s) NA, 25 micron (Grade 58s) 3.01-3.41, 26 micron (Grade 56-58s) 2.79-3.16, 28 micron (Grade 54s) 2.09-2.37, 30 micron (Grade 50s) 1.81-2.05, 32 micron (Grade 46-48s) 1.57-1.78, Merino Clippings 2.78-3.15.

1Heavier lambs 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'S AMS Source: USDA'S AMS