ASI Weekly Summary

Market Summary, Week ending January 16, 2015

Feeder Prices, San Angelo: 60-70 lbs. for 220-232 $/cwt.; 70-80 lbs. for 216-220 $/cwt.; 80-90 lbs. for 214-218 $/cwt.; 90-100 lbs. for 194-196 $/cwt., 105-115 lbs. for 186-190 $/cwt.

Slaughter Prices - Negotiated, wooled and shorn, 137-169 lbs. for 142-174 $/cwt. (wtd. ave. 151.95); wooled and shorn 171-195 lbs. for 133-164 $/cwt. (wtd. ave. 142.75).

Slaughter Prices - Formula1, 7,905 head at 287.66-329.52 $/cwt. for 80.6 ave. lbs.; 1,302 head at 302.10-320.51 $/cwt. for 87.5 ave. lbs.

Equity Electronic Auction, shorn 145 lbs. for $142.50/cwt.

Cutout Value/Net Carcass Value2, $341.34/cwt.

Carcass Price, Choice and Prime, YG 1-4, $/cwt., weighted averages, 767 head at 55-65 lbs. for 354.41, 1,674 head at 65-75 lbs. for 339.71, 1,860 head at 75-85 lbs. for 328.01, 1,099 head at 85 lbs. and up for 317.95.

Boxed Lamb, weighted average prices ($/cwt.), Trimmed 4" Loins 529.14, Rack, roast-ready, frenched (cap-on) 1,530.83, Rack, roast-ready, frenched, special (cap-off) 1,996.04, Leg, trotter-off, partial boneless 514.02, Shoulder, square-cut 306.20, Ground lamb 564.87.

Imported Boxed Lamb, weighted average prices ($/cwt.), AUS Rack (fresh, frenched, cap-off, 28 oz/up) 1,074.06, AUS Shoulder (fresh, square-cut) 259.22, AUS Leg (fresh, semi boneless) 368.76, AUS Rack (frozen, frenched, cap-off, 28 oz/up) 903.52, NZ Rack (frozen, frenched, cap-off, 20 oz/up) 816.21, AUS Shoulder (frozen, square-cut) 227.37.

Exported Adult Sheep, 0 head

Wool, Price ($/pound) Clean, Delivered, From 8 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) 3.20, 24 micron (Grade 60-62s) 2.92, 25 micron (Grade 58s) NA, 26 micron (Grade 56-58s) NA, 27 micron (Grade 56s) 2.03 (from 3 weeks ago), 28 micron (Grade 54s) NA, 29 micron (Grade 50-54s) NA, 30-34 micron (Grade 44-50s) 1.60.

Australian Wool, Clean, delivered FOB warehouse & gross producers ($/pound) 18 micron (Grade 80s) 3.63-4.11, 19 micron (Grade 80s) 3.45-3.91, 20 micron (Grade 70s) 3.34-3.79, 21 micron (Grade 64-70s) 3.32-3.77, 22 micron (Grade 64s) 3.25-3.69, 23 micron (Grade 62s) 3.24-3.67, 24 micron (Grade 60-62s) NA, 25 micron (Grade 58s) 2.67-3.03, 26 micron (Grade 56-58s) 2.45-2.77, 28 micron (Grade 54s) 2.24-2.54, 30 micron (Grade 50s) 2.12-2.40, 32 micron (Grade 46-48s) 1.88-2.14, Merino Clippings 2.44-2.77.

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