ASI Weekly Summary

Market Summary, Week ending December 12, 2014

Feeder Prices, San Angelo: 50-60 lbs. for 212-224 $/cwt.; 60-70 lbs. for 199.50-216 $/cwt.; 70-80 lbs. for 192-216 $/cwt.; 80-90 lbs. for 182-190 $/cwt., 90-105 lbs. for 175-190 $/cwt.

Slaughter Prices - Negotiated, wooled and shorn, 126-168 lbs. for 151.41-174 $/cwt. (wtd. ave. 161.62)

Slaughter Prices - Formula1, 2,143 head at 290-327.87 $/cwt. for 71.1 ave. lbs.; 6,735 head at 290-334 $/cwt. for 79.2 ave. lbs.

Equity Electronic Auction, No sale.

Cutout Value/Net Carcass Value2, $342.21/cwt.

Carcass Price, Choice and Prime, YG 1-4, $/cwt., weighted averages, 928 head at 55-65 lbs. for 354.19, 1,797 head at 65-75 lbs. for 343.19, 2,048 head at 75-85 lbs. for 331.59, 972 head at 85 lbs. and up for 322.50.

Boxed Lamb, weighted average prices ($/cwt.), Trimmed 4" Loins 520.89, Rack, roast-ready, frenched (cap-on) 1,529.31, Rack, roast-ready, frenched special (cap-off) 2,056.90, Leg, trotter-off, partial boneless 502.54, Shoulder, square-cut 313.08, Ground lamb 547.63.

Imported Boxed Lamb, weighted average prices ($/cwt.), AUS Rack (fresh, frenched, cap-off, 28 oz/up) 1,077.31, AUS Shoulder (fresh, square-cut) 281.35, AUS Leg (fresh, semi boneless) 388.36, AUS Rack (frozen, frenched, cap-off, 24-28 oz) 883.21, NZ Rack (frozen, frenched, cap-off, 20 oz/up) 775.56, AUS Shoulder (frozen, square-cut) 241.52 .

Exported Adult Sheep, 265 head

Wool, Price ($/pound) Clean, Delivered, From 3 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) 3.66-4.15, 19 micron (Grade 80s) 3.56-4.03, 20 micron (Grade 70s) 3.45-3.91, 21 micron (Grade 64-70s) 3.41-3.87, 22 micron (Grade 64s) 3.39-3.84, 23 micron (Grade 62s) 3.34-3.79, 24 micron (Grade 60-62s) NA, 25 micron (Grade 58s) 2.75-3.12, 26 micron (Grade 56-58s) 2.48-2.81, 28 micron (Grade 54s) 2.21-2.51, 30 micron (Grade 50s) 2.10-2.38, 32 micron (Grade 46-48s) 1.92-2.18, Merino Clippings 2.43-2.75.

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