ASI Weekly Summary

Market Summary, Week ending March 20, 2015

Feeder Prices ($/cwt.), San Angelo: new crop 45-70 lbs. for 200-214; 80-90 lbs. for 180-188; old crop 60-70 lbs. for 182-196; 75-85 lbs. for 150-172; 90-110 lbs. for 142-160.

Slaughter Prices – Negotiated ($/cwt.), wooled and shorn 119-159 lbs. for 130.93-163.12 (wtd avg 144.21).

Slaughter Prices – Formula1, 3,161 head at 280-320.52 $/cwt. for 71 lbs.; 3,658 head at 271.58-320 $/cwt. for 80.8 lbs.

Equity Electronic Auction, No test.

Cutout Value/Net Carcass Value2, $333.69/cwt.

Carcass Price, Choice and Prime, YG 1-4, $/cwt., weighted averages, 901 head at 55-65 lbs. for 345.36, 1,733 head at 65-75 lbs. for 323.18, 1,936 head at 75-85 lbs. for 308.64, 2,631 head at 85 lbs. and up for 295.99.

Boxed Lamb, weighted average prices ($/cwt.), Trimmed 4" Loins 522.16, Rack, roast-ready, frenched (cap-on) 1,473.47, Rack, roast-ready, frenched, special (cap-off) 1,888.04, Leg, trotter-off, partial boneless 504.59, Shoulder, square-cut 294.88, Ground lamb 559.98.

Imported Boxed Lamb, weighted average prices ($/cwt.), AUS Rack (fresh, frenched, cap-off, 28 oz/up) 972.86, AUS Shoulder (fresh, square-cut) 267.57, AUS Leg (fresh, semi boneless) 413.77, AUS Rack (frozen, frenched, cap-off, 28 oz/up) 927.63, NZ Rack (frozen, frenched, cap-off, 20 oz/up) 771.61, AUS Shoulder (frozen, square-cut) 228.15.

Exported Adult Sheep, 598 head

Wool, Price ($/pound) Clean, Delivered, From 2 weeks ago: Territory Wools: 22 micron (Grade 64s) 3.37, 25 micron (Grade 58s) 2.90, 26 micron (Grade 56-58s) 2.65.

Australian Wool, Clean, delivered FOB warehouse & gross producers ($/pound) 18 micron (Grade 80s) 3.53-4.00, 19 micron (Grade 80s) 3.28-3.72, 20 micron (Grade 70s) 3.18-3.60, 21 micron (Grade 64-70s) 3.15-3.57, 22 micron (Grade 64s) 3.09-3.50, 23 micron (Grade 62s) 3.05-3.46, 24 micron (Grade 60-62s) 2.94-3.33, 25 micron (Grade 58s) 2.75-3.11, 26 micron (Grade 56-58s) 2.53-2.86, 28 micron (Grade 54s) 2.30-2.60, 30 micron (Grade 50s) 2.18-2.47, 32 micron (Grade 46-48s) 1.94-2.20, Merino Clippings 2.58-2.92.

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 USDA's AMS