ASI Weekly Summary

Market Summary, Week ending October 24, 2014

Feeder Prices, San Angelo: 50-60 lbs. for 216-228 $/cwt., 60-70 lbs. for 210-218 $/cwt.; 70-90 lbs. for 202-218 $/cwt.

Slaughter Prices - Negotiated, wooled and shorn, 104-162 lbs. for 154.94-174 $/cwt. (wtd. ave. 163.37); load 180 lbs. for $155/cwt.

Slaughter Prices - Formula1, 2,470 head at 307.16-323.76 $/cwt. for 72 ave. lbs.; 1,313 head at 305.30-320.88 $/cwt. for 78.30 ave. lbs.

Equity Electronic Auction, No sale.

Cutout Value/Net Carcass Value2, $344.65/cwt.

Carcass Price, Choice and Prime, YG 1-4, $/cwt., weighted averages, 1,119 head at 55-65 lbs. for 348.03, 2,054 head at 65-75 lbs. for 340.56, 1,994 head at 75-85 lbs. for 330.21, 915 head at 85 lbs. and up for 319.74.

Boxed Lamb, weighted average prices ($/cwt.), Trimmed 4" Loins 527.73, Rack, roast-ready, frenched (cap-on) 1,512.76, Rack, roast-ready, frenched special (cap-off) 1,959.15, Leg, trotter-off, partial boneless 488.65, Shoulder, square-cut 318.33, Ground lamb 542.57.

Imported Boxed Lamb, weighted average prices ($/cwt.), AUS Rack (fresh, frenched, cap-off, 28 oz/up) 1,123.61, AUS Shoulder (fresh, square-cut) 283.28, AUS Leg (fresh, semi boneless) 389.81, AUS Rack (frozen, frenched, cap-off, 28 oz/up) 1,090.94, NZ Rack (frozen, frenched, cap-off, 20 oz/up) 811.09, AUS Shoulder (frozen, square-cut) 253.22.

Exported Adult Sheep, 595 head

Wool, Price ($/pound) Clean, Delivered, From 19 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) 3.84-4.36, 19 micron (Grade 80s) 3.64-4.13, 20 micron (Grade 70s) 3.51-3.98, 21 micron (Grade 64-70s) 3.49-3.95, 22 micron (Grade 64s) 3.46-3.92, 23 micron (Grade 62s) 3.43-3.89, 24 micron (Grade 60-62s) 3.22-3.65, 25 micron (Grade 58s) 2.85-3.23, 26 micron (Grade 56-58s) 2.56-2.90, 28 micron (Grade 54s) 2.13-2.41, 30 micron (Grade 50s) 2.04-2.31, 32 micron (Grade 46-48s) 1.93-2.19, Merino Clippings 2.46-2.78.

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