ASI Weekly Summary

Market Summary, Week ending October 17, 2014

Feeder Prices, San Angelo: 60-70 lbs. for 200-212 $/cwt., 70-90 lbs. for 200-205 $/cwt.; 90-100 lbs. for 190-201 $/cwt.

Slaughter Prices - Negotiated, wooled and shorn, 100-165 lbs. for 148-172 $/cwt. (wtd. ave. 162.33); package over 170 lbs. for $159/cwt.

Slaughter Prices - Formula1, 2,554 head at 299.90-330 $/cwt. for 70.50 ave. lbs.; 2,272 head at 304.84-319.23 $/cwt. for 78.50 ave. lbs.

Equity Electronic Auction, wooled 140 lbs. for $170/cwt.

Cutout Value/Net Carcass Value2, $344.47/cwt.

Carcass Price, Choice and Prime, YG 1-4, $/cwt., weighted averages, 1,422 head at 55-65 lbs. for 346.47, 2,280 head at 65-75 lbs. for 337.68, 1,511 head at 75-85 lbs. for 328.13, 917 head at 85 lbs. and up for 317.51.

Boxed Lamb, weighted average prices ($/cwt.), Trimmed 4" Loins 526.79, Rack, roast-ready, frenched (cap-on) 1,544.79, Rack, roast-ready, frenched special (cap-off) 1,983.42, Leg, trotter-off, partial boneless 500.42, Shoulder, square-cut 314.40, Ground lamb 542.80.

Imported Boxed Lamb, weighted average prices ($/cwt.), AUS Rack (fresh, frenched, cap-off, 28 oz/up) 1,159.95, AUS Shoulder (fresh, square-cut) 288.62, AUS Leg (fresh, semi boneless) 412.55, AUS Rack (frozen, frenched, cap-off, 28 oz/up) 1,147.37, NZ Rack (frozen, frenched, cap-off, 20 oz/up) 818.53, AUS Shoulder (frozen, square-cut) 269.92.

Exported Adult Sheep, 323 head

Wool, Price ($/pound) Clean, Delivered, From 18 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) 4.21, 23 micron (Grade 62s) 4.11, 24 micron (Grade 60-62s) 3.53, 25 micron (Grade 58s) 3.31, 26 micron (Grade 56-58s) 2.65-2.91, 27 micron (Grade 56s) 2.43, 28 micron (Grade 54s) NA, 29 micron (Grade 50-54s) NA, 30-34 micron (Grade 44-50s) 1.48.

Australian Wool, Clean, delivered FOB warehouse & gross producers ($/pound) 18 micron (Grade 80s) 3.86-4.37, 19 micron (Grade 80s) 3.67-4.16, 20 micron (Grade 70s) 3.56-4.04, 21 micron (Grade 64-70s) 3.54-4.01, 22 micron (Grade 64s) 3.52-3.99, 23 micron (Grade 62s) 3.47-3.93, 24 micron (Grade 60-62s) NA, 25 micron (Grade 58s) 2.94-3.33, 26 micron (Grade 56-58s) 2.58-2.92, 28 micron (Grade 54s) 2.14-2.43, 30 micron (Grade 50s) 2.07-2.34, 32 micron (Grade 46-48s) 1.95-2.21, Merino Clippings 2.46-2.79.

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