ASI Weekly Summary

Market Summary, Week ending January 23, 2015

Feeder Prices, San Angelo: 60-70 lbs. for 204-222 $/cwt.; 70-80 lbs. for 180-206 $/cwt.; 80-100 lbs. for 172-188 $/cwt.

Slaughter Prices - Negotiated, wooled and shorn, 112-168 lbs. for 139.65-171.20 $/cwt. (wtd. ave. 153.60); wooled and shorn 185-194 lbs. for $133/cwt.

Slaughter Prices - Formula1, 4,409 head at 302-330 $/cwt. for 81.1 ave. lbs.; 1,733 head at 300-321.97 $/cwt. for 89.1 ave. lbs.

Equity Electronic Auction, No sale.

Cutout Value/Net Carcass Value2, $342.76/cwt.

Carcass Price, Choice and Prime, YG 1-4, $/cwt., weighted averages, 848 head at 55-65 lbs. for 352.34, 1,869 head at 65-75 lbs. for 338.95, 1,642 head at 75-85 lbs. for 326.85, 1,303 head at 85 lbs. and up for 316.18.

Boxed Lamb, weighted average prices ($/cwt.), Trimmed 4" Loins 521.85, Rack, roast-ready, frenched (cap-on) 1,523.99, Rack, roast-ready, frenched, special (cap-off) 1,992.23, Leg, trotter-off, partial boneless 508.17, Shoulder, square-cut 303.81, Ground lamb 572.48.

Imported Boxed Lamb, weighted average prices ($/cwt.), AUS Rack (fresh, frenched, cap-off, 28 oz/up) 1,091.89, AUS Shoulder (fresh, square-cut) 277.07, AUS Leg (fresh, semi boneless) 390.64, AUS Rack (frozen, frenched, cap-off, 28 oz/up) 969.89, NZ Rack (frozen, frenched, cap-off, 20 oz/up) 801.82, AUS Shoulder (frozen, square-cut) 243.31.

Exported Adult Sheep, 318 head

Wool, Price ($/pound) Clean, Delivered, From 9 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) NA, 23 micron (Grade 62s) 3.20, 24 micron (Grade 60-62s) 2.92, 25 micron (Grade 58s) NA, 26 micron (Grade 56-58s) NA, 27 micron (Grade 56s) 2.03 (from 3 weeks ago), 28 micron (Grade 54s) NA, 29 micron (Grade 50-54s) NA, 30-34 micron (Grade 44-50s) 1.60.

Australian Wool, Clean, delivered FOB warehouse & gross producers ($/pound) 18 micron (Grade 80s) 3.58-4.06, 19 micron (Grade 80s) 3.38-3.83, 20 micron (Grade 70s) 3.24-3.67, 21 micron (Grade 64-70s) 3.22-3.65, 22 micron (Grade 64s) 3.17-3.59, 23 micron (Grade 62s) 3.15-3.57, 24 micron (Grade 60-62s) NA, 25 micron (Grade 58s) 2.60-2.94, 26 micron (Grade 56-58s) 2.37-2.68, 28 micron (Grade 54s) 2.20-2.49, 30 micron (Grade 50s) 2.08-2.36, 32 micron (Grade 46-48s) 1.86-2.11, Merino Clippings 2.42-2.74.

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