ASI Weekly Summary

Market Summary, Week ending July 25, 2014

Feeder Prices, San Angelo: 50-60 lbs. for 170-178 $/cwt.; 60-70 lbs. for 170-182 $/cwt.; 70-90 lbs. for 170-177 $/cwt.; 90-105 lbs. for 162-174 $/cwt.

Slaughter Prices - Negotiated, wooled and shorn, 85-163 lbs. for 137-162 $/cwt. (wtd. ave. 152.31)

Slaughter Prices - Formula1, 1,806 head at 268.07-301.61 $/cwt. for 70.3 ave. lbs.; 1,421 head at 273.90-284.36 $/cwt. for 90.3 ave. lbs.

Equity Electronic Auction, No sale.

Cutout Value/Net Carcass Value2, $326.49/cwt.

Carcass Price, Choice and Prime, YG 1-4, $/cwt., weighted averages, 1,080 head at 55-65 lbs. for 334.00, 1,686 head at 65-75 lbs. for 315.11, 1,264 head at 75-85 lbs. for 300.60, 1,619 head at 85 lbs. and up for 287.21.

Boxed Lamb, weighted average prices ($/cwt.), Trimmed 4" Loins 495.93, Rack, roast-ready, frenched 1,473.15, Leg, trotter-off, partial boneless 404.42, Ground lamb 545.37, Shoulder, square-cut 288.68.

Imported Boxed Lamb, weighted average prices ($/cwt.) AUS Rack (fresh, frenched, cap-off, 20-24 oz to 28 oz/up) 1,132.79, AUS Shoulder (fresh, square-cut) 297.78, AUS Leg (fresh, semi boneless) 439.86, AUS Rack (frozen, frenched, cap-off, 20-24 oz to 24-28 oz) 978.10, NZ Rack (frozen, frenched, cap-off, 12 oz/dn to 20 oz/up) 813.78, AUS Shoulder (frozen, square-cut) 257.73.

Exported Adult Sheep, 697 head

Wool, Price ($/pound) Clean, Delivered, From 6 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 3 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