ASI Weekly Summary

Market Summary, Week ending August 22, 2014

Feeder Prices, San Angelo: 50-70 lbs. for 190-206 $/cwt.; 70-80 lbs. for 185-194 $/cwt.; 80-90 lbs. for 180-190 $/cwt.

Slaughter Prices - Negotiated, wooled and shorn, 105-165 lbs. for 137-162.50 $/cwt. (wtd. ave. 155.46)

Slaughter Prices - Formula1, 3,109 head at 269.42-301.80 $/cwt. for 70.20 ave. lbs.; 1,387 head at 279.54-293.24 $/cwt. for 77.70 ave. lbs.

Equity Electronic Auction, wooled 140 lbs. for $164.50/cwt.

Cutout Value/Net Carcass Value2, $330.25/cwt.

Carcass Price, Choice and Prime, YG 1-4, $/cwt., weighted averages, 1,107 head at 55-65 lbs. for 335.91, 2,010 head at 65-75 lbs. for 322.00, 1,300 head at 75-85 lbs. for 308.13, 547 head at 85 lbs. and up for 293.53.

Boxed Lamb, weighted average prices ($/cwt.), Trimmed 4" Loins 505.84, Rack, roast-ready, frenched (cap-on) 1,478.40, Rack, roast-ready, frenched special (cap-off) 1,981.37, Leg, trotter-off, partial boneless 456.11, Shoulder, square-cut 298.67, Ground lamb 539.03.

Imported Boxed Lamb, weighted average prices ($/cwt.), AUS Rack (fresh, frenched, cap-off, 28 oz/up) 1,161.91, AUS Shoulder (fresh, square-cut) 292.14, AUS Leg (fresh, semi boneless) 436.90, AUS Rack (frozen, frenched, cap-off, 28 oz/up) 1,223.31, NZ Rack (frozen, frenched, cap-off, 20 oz/up) 823.47, AUS Shoulder (frozen, square-cut) 259.10.

Exported Adult Sheep, 343 head

Wool, Price ($/pound) Clean, Delivered, From 10 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) 3.88-4.39, 19 micron (Grade 80s) 3.71-4.21, 20 micron (Grade 70s) 3.60-4.08, 21 micron (Grade 64-70s) 3.59-4.07, 22 micron (Grade 64s) 3.56-4.04, 23 micron (Grade 62s) 3.55-4.03, 24 micron (Grade 60-62s) NA, 25 micron (Grade 58s) NA, 26 micron (Grade 56-58s) 2.59-2.94, 28 micron (Grade 54s) 2.14-2.43, 30 micron (Grade 50s) 2.08-2.36, 32 micron (Grade 46-48s) 1.89-2.15, Merino Clippings 2.53-2.87.

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