ASI Weekly Summary

Market Summary, Week ending August 29, 2014

Feeder Prices, San Angelo: 50-70 lbs. for 206-238 $/cwt.; 70-80 lbs. for 190-210 $/cwt.; 80-110 lbs. for 180-203 $/cwt.

Slaughter Prices - Negotiated, wooled and shorn, 126-161 lbs. for 140-165.50 $/cwt. (wtd. ave. 155.40)

Slaughter Prices - Formula1, 2,912 head at 285.42-320 $/cwt. for 70.40 ave. lbs.; 1,275 head at 277.67-325 $/cwt. for 76.20 ave. lbs.

Equity Electronic Auction, wooled 125 lbs. for $163.50/cwt.

Cutout Value/Net Carcass Value2, $332.71/cwt.

Carcass Price, Choice and Prime, YG 1-4, $/cwt., weighted averages, 1,158 head at 55-65 lbs. for 336.90, 2,254 head at 65-75 lbs. for 323.29, 1,344 head at 75-85 lbs. for 310.32, 549 head at 85 lbs. and up for 296.79.

Boxed Lamb, weighted average prices ($/cwt.), Trimmed 4" Loins 514.44, Rack, roast-ready, frenched (cap-on) 1,496.85, Rack, roast-ready, frenched special (cap-off) 1,987.83, Leg, trotter-off, partial boneless 477.29, Shoulder, square-cut 302.13, Ground lamb 540.98.

Imported Boxed Lamb, weighted average prices ($/cwt.), AUS Rack (fresh, frenched, cap-off, 28 oz/up) 1,169.27, AUS Shoulder (fresh, square-cut) 290.27, AUS Leg (fresh, semi boneless) 432.99, AUS Rack (frozen, frenched, cap-off, 28 oz/up) 1,076.56, NZ Rack (frozen, frenched, cap-off, 20 oz/up) 815.83, AUS Shoulder (frozen, square-cut) 257.15.

Exported Adult Sheep, 0 head

Wool, Price ($/pound) Clean, Delivered, From 11 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) 3.89-4.41, 19 micron (Grade 80s) 3.73-4.23, 20 micron (Grade 70s) 3.63-4.11, 21 micron (Grade 64-70s) 3.61-4.09, 22 micron (Grade 64s) 3.58-4.05, 23 micron (Grade 62s) 3.57-4.04, 24 micron (Grade 60-62s) 3.40-3.85, 25 micron (Grade 58s) NA, 26 micron (Grade 56-58s) 2.60-2.94, 28 micron (Grade 54s) 2.17-2.46, 30 micron (Grade 50s) 2.12-2.40, 32 micron (Grade 46-48s) 1.93-2.19, Merino Clippings 2.55-2.89.

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