ASI Weekly Summary

Market Summary, Week ending August 8, 2014

Slaughter Prices - Negotiated, wooled and shorn, 123-166 lbs. for 137-165 $/cwt. (wtd. ave. 151.20)

Slaughter Prices - Formula1, 2,572 head at 284.03-301.91 $/cwt. for 71.70 ave. lbs.; 2,173 head at 277.60-300 $/cwt. for 79 ave. lbs.

Equity Electronic Auction, wooled 140 lbs. $165.25/cwt.

Cutout Value/Net Carcass Value2, $325.22/cwt.

Carcass Price, Choice and Prime, YG 1-4, $/cwt., weighted averages, 932 head at 55-65 lbs. for 334.19, 1,552 head at 65-75 lbs. for 318.56, 1,451 head at 75-85 lbs. for 302.97, 614 head at 85 lbs. and up for 289.77.

Boxed Lamb, weighted average prices ($/cwt.), Trimmed 4" Loins 510.02, Rack, roast-ready, frenched 1,493.08, Leg, trotter-off, partial boneless 472.44, Ground lamb 540.85, Shoulder, square-cut 294.36.

Imported Boxed Lamb, weighted average prices ($/cwt.) AUS Rack (fresh, frenched, cap-off, 20-24 oz to 28 oz/up) 1,154.25, AUS Shoulder (fresh, square-cut) 289.10, AUS Leg (fresh, semi boneless) 442.73, AUS Rack (frozen, frenched, cap-off, 20-24 oz to 24-28 oz) 921.39, NZ Rack (frozen, frenched, cap-off, 12 oz/dn to 20 oz/up) 805.90, AUS Shoulder (frozen, square-cut) 264.44.

Exported Adult Sheep, 684 head

Wool, Price ($/pound) Clean, Delivered, From 8 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) 3.92-4.44, 19 micron (Grade 80s) 3.79-4.29, 20 micron (Grade 70s) 3.72-4.21, 21 micron (Grade 64-70s) 3.71-4.21, 22 micron (Grade 64s) 3.71-4.20, 23 micron (Grade 62s) 3.70-4.19, 24 micron (Grade 60-62s) NA, 25 micron (Grade 58s) NA, 26 micron (Grade 56-58s) 2.66-3.01, 28 micron (Grade 54s) 2.20-2.50, 30 micron (Grade 50s) 2.11-2.39, 32 micron (Grade 46-48s) 1.91-2.17, Merino Clippings 2.63-2.98.

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