ASI Weekly Summary

Market Summary, Week ending September 12, 2014

Feeder Prices, San Angelo: 50-60 lbs. for 230-238 $/cwt.; 60-70 lbs. for 216-224 $/cwt.; 70-90 lbs. for 200-216 $/cwt.

Slaughter Prices - Negotiated, wooled and shorn, 80-160 lbs. for 143-169.97 $/cwt. (wtd. ave. 156.74)

Slaughter Prices - Formula1, 1,528 head at 292.82-312.90 $/cwt. for 70.2 ave. lbs.; 1,104 head at 288.76-319.99 $/cwt. for 79.90 ave. lbs.

Equity Electronic Auction, wooled 140 lbs. for $165/cwt.

Cutout Value/Net Carcass Value2, $335.50/cwt.

Carcass Price, Choice and Prime, YG 1-4, $/cwt., weighted averages, 1,415 head at 55-65 lbs. for 338.50, 2,182 head at 65-75 lbs. for 326.40, 1,767 head at 75-85 lbs. for 316.43, 663 head at 85 lbs. and up for 302.59.

Boxed Lamb, weighted average prices ($/cwt.), Trimmed 4" Loins 517.33, Rack, roast-ready, frenched (cap-on) 1,535.37 Rack, roast-ready, frenched special (cap-off) 1,986.32, Leg, trotter-off, partial boneless 451.17, Shoulder, square-cut 305.99, Ground lamb 535.35.

Imported Boxed Lamb, weighted average prices ($/cwt.), AUS Rack (fresh, frenched, cap-off, 28 oz/up) 1,139.90, AUS Shoulder (fresh, square-cut) 294.15, AUS Leg (fresh, semi boneless) 411.49, AUS Rack (frozen, frenched, cap-off, 28 oz/up) 1,093.22, NZ Rack (frozen, frenched, cap-off, 20 oz/up) 798.54, AUS Shoulder (frozen, square-cut) 323.92.

Exported Adult Sheep, 290 head

Wool, Price ($/pound) Clean, Delivered, From 13 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) 3.90-4.41, 19 micron (Grade 80s) 3.76-4.26, 20 micron (Grade 70s) 3.67-4.16, 21 micron (Grade 64-70s) 3.65-4.13, 22 micron (Grade 64s) 3.63-4.11, 23 micron (Grade 62s) 3.59-4.07, 24 micron (Grade 60-62s) NA, 25 micron (Grade 58s) NA, 26 micron (Grade 56-58s) 2.58-2.92, 28 micron (Grade 54s) 2.16-2.44, 30 micron (Grade 50s) 2.11-2.40, 32 micron (Grade 46-48s) NA, Merino Clippings 2.54-2.87.

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