ASI Weekly Summary

Market Summary, Week ending November 14, 2014

Feeder Prices, San Angelo: 52-60 lbs. for $220/cwt.; Ft. Collins 75-80 lbs. for 199-203 $/cwt., 90-95 lbs. for 189-198 $/cwt.

Slaughter Prices - Negotiated, wooled and shorn, 133-169 lbs. for 156.21-174.11 $/cwt. (wtd. ave. 164.78); wooled and shorn 171-190 lbs. for 155-164 $/cwt. (wtd. Ave. 162.10)

Slaughter Prices - Formula1, 3,157 head at 311.13-339 $/cwt. for 70.4 ave. lbs.; 4,940 head at 291.45-334.80 $/cwt. for 78.6 ave. lbs.

Equity Electronic Auction, wooled 100 lbs. for $150/cwt., 140 lbs. for $160.75/cwt.

Cutout Value/Net Carcass Value2, $345.85/cwt.

Carcass Price, Choice and Prime, YG 1-4, $/cwt., weighted averages, 1,288 head at 55-65 lbs. for 352.03, 2,796 head at 65-75 lbs. for 343.20, 2,275 head at 75-85 lbs. for 333.11, 841 head at 85 lbs. and up for 323.23.

Boxed Lamb, weighted average prices ($/cwt.), Trimmed 4" Loins 534.06, Rack, roast-ready, frenched (cap-on) 1,534.82, Rack, roast-ready, frenched special (cap-off) 1,989.36, Leg, trotter-off, partial boneless 506.49, Shoulder, square-cut 310.41, Ground lamb 555.13.

Imported Boxed Lamb, weighted average prices ($/cwt.), AUS Rack (fresh, frenched, cap-off, 28 oz/up) 1,101.73, AUS Shoulder (fresh, square-cut) 273.59, AUS Leg (fresh, semi boneless) 385.95, AUS Rack (frozen, frenched, cap-off, 28 oz/up) 1,053.97, NZ Rack (frozen, frenched, cap-off, 20 oz/up) 795.50, AUS Shoulder (frozen, square-cut) 259.37.

Exported Adult Sheep, 0 head

Wool, Price ($/pound) Clean, Delivered, 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) NA, 23 micron (Grade 62s) 3.38, 24 micron (Grade 60-62s) 2.73-3.08, 25 micron (Grade 58s) 2.88, 26 micron (Grade 56-58s) 2.69, 27 micron (Grade 56s) 2.03, 28 micron (Grade 54s) NA, 29 micron (Grade 50-54s) 2.05, 30-34 micron (Grade 44-50s) 1.65-1.70.

Australian Wool, Clean, delivered FOB warehouse & gross producers ($/pound) 18 micron (Grade 80s) 3.87-4.39, 19 micron (Grade 80s) 3.72-4.21, 20 micron (Grade 70s) 3.60-4.08, 21 micron (Grade 64-70s) 3.56-4.03, 22 micron (Grade 64s) 3.50-3.97, 23 micron (Grade 62s) 3.47-3.94, 24 micron (Grade 60-62s) NA, 25 micron (Grade 58s) 2.80-3.18, 26 micron (Grade 56-58s) 2.53-2.87, 28 micron (Grade 54s) 2.18-2.47, 30 micron (Grade 50s) 2.06-2.34, 32 micron (Grade 46-48s) 1.92-2.17, Merino Clippings 2.43-2.76.

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