ASI Market Report

Market Summary, Week ending August 19, 2016

Feeder Prices ($/cwt.), San Angelo: 45-60 lbs. for 200-202; 60-70 lbs. 185-194; 70-90 lbs. 180-190; 90-100 lbs. 180-188; 100-110 lbs. 174-188.

Slaughter Prices - Negotiated ($/cwt.), wooled and shorn 104-176 lbs. for 141-177 (wtd avg 164.27).

Slaughter Prices - Formula1, No prices reported.

Equity Electronic Auction, shorn and wooled 145 lbs. for 167.75.

Cutout Value/Net Carcass Value2, $325.25/cwt.

Carcass Price, Choice and Prime, YG 1-4, $/cwt., weighted averages, 513 head at 55-65 lbs. not reported; 1,211 head at 65-75 lbs. 331.85, 1,174 head at 75-85 lbs. for 328.13; 705 head at 85+ lbs. for 312.64.

Boxed Lamb, weighted average prices ($/cwt.), Trimmed 4" Loins 541.68, Rack, roast-ready, frenched (cap-on) 1,326.87, Rack, roast-ready, frenched, special (cap-off) 1,874.42, Leg, trotter-off, partial boneless 483.70, Shoulder, square-cut 293.09, Ground lamb 527.73.

Imported Boxed Lamb, weighted average prices ($/cwt.), AUS Rack (fresh, frenched, cap-off, 28 oz/up) 838.26, AUS Shoulder (fresh, square-cut) 210.54, AUS Leg (fresh, semi boneless) 421.86, AUS Rack (frozen, frenched, cap-off, 28 oz/up) 733.89, NZ Rack (frozen, frenched, cap-off, 20 oz/up) 671.15, AUS Shoulder (frozen, square-cut) 188.13.

Exported Adult Sheep, 0 head

Wool, Price ($/pound) Clean, From 9 weeks ago: Delivered, 18 micron (Grade 80s) NA, 19 micron (Grade 80s) NA, 20 micron (Grade 70s) NA, 21 micron (Grade 64-70s) 3.61, 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, Clean, delivered FOB warehouse & gross producers ($/pound), 18 micron (Grade 80s) 4.12-4.67, 19 micron (Grade 80s) 4.00-4.53, 20 micron (Grade 70s) 3.94-4.46, 21 micron (Grade 64-70s) 3.92-4.44, 22 micron (Grade 64s) 3.88-4.40, 23 micron (Grade 62s) 3.86-4.38, 24 micron (Grade 60-62s) NA, 25 micron (Grade 58s) 3.30-3.74, 26 micron (Grade 56-58s) 3.09-3.50, 28 micron (Grade 54s) 2.11-2.39, 30 micron (Grade 50s) 1.87-2.12, 32 micron (Grade 46-48s) 1.64-1.86, Merino Clippings 2.86-3.24.

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'S AMS