ASI Weekly Summary

Market Summary, Week ending July 18, 2014

Feeder Prices, San Angelo: 50-60 ave. lbs. for 170-180 $/cwt.; 60-90 lbs. for 160-176 $/cwt.; 90-100 lbs. for 162-174 $/cwt.

Slaughter Prices - Negotiated, wooled and shorn, 85-162 lbs. for 137-162 $/cwt. (wtd. ave. 149.79), 171-211 lbs. for 136-150 $/cwt. (wtd. ave. 142.72)

Slaughter Prices - Formula1, 3,947 head at 261-296.76 $/cwt. for 69.10 ave. lbs.; 2,061 head at 271.98-285.77 $/cwt. for 88.70 ave. lbs.

Equity Electronic Auction, No sale.

Cutout Value/Net Carcass Value2, $324.46/cwt.

Carcass Price, Choice and Prime, YG 1-4, $/cwt., weighted averages, 722 head at 55-65 lbs. for 335.75, 1,485 head at 65-75 lbs. for 315.02, 1,398 head at 75-85 lbs. for 299.95, 1,693 head at 85 lbs. and up for 286.63.

Boxed Lamb, weighted average prices ($/cwt.), Trimmed 4" Loins 500.59, Rack, roast-ready, frenched 1,504.76, Leg, trotter-off, partial boneless 453.73, Ground lamb 535.83, Shoulder, square-cut 292.35.

Imported Boxed Lamb, weighted average prices ($/cwt.) AUS Rack (fresh, frenched, cap-off, 20-24 oz to 28 oz/up) 1,145.97, AUS Shoulder (fresh, square-cut) 280.56, AUS Leg (fresh, semi boneless) 438.17, AUS Rack (frozen, frenched, cap-off, 20-24 oz to 24-28 oz) 967.07, NZ Rack (frozen, frenched, cap-off, 12 oz/dn to 20 oz/up) 817.73, AUS Shoulder (frozen, square-cut) 259.44

Exported Adult Sheep, 350

Wool, Price ($/pound) Clean, Delivered, From 5 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, From 2 weeks ago: Clean, delivered FOB warehouse & gross producers ($/pound) 18 micron (Grade 80s) 3.92-4.44, 19 micron (Grade 80s) 3.81-4.32, 20 micron (Grade 70s) 3.76-4.26, 21 micron (Grade 64-70s) 3.77-4.28, 22 micron (Grade 64s) 3.77-4.28, 23 micron (Grade 62s) 3.77-4.27, 24 micron (Grade 60-62s) NA, 25 micron (Grade 58s) NA, 26 micron (Grade 56-58s) 2.74-3.10, 28 micron (Grade 54s) 2.27-2.57, 30 micron (Grade 50s) 2.17-2.46, 32 micron (Grade 46-48s) 1.95-2.21, Merino Clippings 2.66-3.02.

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