ASI Market Report

Market Summary, Week ending July 8, 2016

Feeder Prices ($/cwt.), From 2 weeks ago: San Angelo: 50-60 lbs. for 202-206; 60-70 lbs. for 180-190; 70-90 lbs. for 180-185; 90-100 lbs. for 172-184.

Slaughter Prices - Negotiated ($/cwt.), wooled and shorn 128-191 lbs. for 135-176.03 (wtd avg 161.90).

Slaughter Prices - Formula, 75-85 lbs. for $319.89; No other prices reported.

Equity Electronic Auction, No sales.

Cutout Value/Net Carcass Value1, $313.42/cwt.

Carcass Price, Choice and Prime, YG 1-4, $/cwt., weighted averages, 552 head at 55-65 lbs. not reported due to confidentiality; 1,605 head at 65-75 lbs. for 316.27, 1,198 head at 75-85 lbs. for 307.14; 782 head at 85+ lbs. for 289.97.

Boxed Lamb, weighted average prices ($/cwt.), Trimmed 4" Loins 518.05, Rack, roast-ready, frenched (cap-on) 1,307.52, Rack, roast-ready, frenched, special (cap-off) 1,684.10, Leg, trotter-off, partial boneless 481.62, Shoulder, square-cut 284.34, Ground lamb 524.88.

Imported Boxed Lamb, weighted average prices ($/cwt.), AUS Rack (fresh, frenched, cap-off, 28 oz/up) 837.22, AUS Shoulder (fresh, square-cut) 205.03, AUS Leg (fresh, semi boneless) 392.31, AUS Rack (frozen, frenched, cap-off, 28 oz/up) 708.91, NZ Rack (frozen, frenched, cap-off, 20 oz/up) 740.59, AUS Shoulder (frozen, square-cut) 166.19.

Exported Adult Sheep, 0 head

Wool, Price ($/pound) Clean, From 3 weeks ago: Delivered, 18 micron (Grade 80s) NA, 19 micron (Grade 80s) NA, 20 micron (Grade 70s) NA, 21 micron (Grade 64-70s) 3.61, 22 micron (Grade 64s) 3.54-3.76, 23 micron (Grade 62s) NA, 24 micron (Grade 60-62s) 3.33, 25 micron (Grade 58s) 2.93-3.38, 26 micron (Grade 56-58s) NA, 27 micron (Grade 56s) 2.02, 28 micron (Grade 54s) 1.85, 29 micron (Grade 50-54s) NA, 30-34 micron (Grade 44-50s) 1.65.

Australian Wool, Clean, delivered FOB warehouse & gross producers ($/pound), 18 micron (Grade 80s) 4.08-4.62, 19 micron (Grade 80s) 4.00-4.53, 20 micron (Grade 70s) 3.96-4.49, 21 micron (Grade 64-70s) 3.93-4.46, 22 micron (Grade 64s) 3.87-4.38, 23 micron (Grade 62s) 3.85-4.37, 24 micron (Grade 60-62s) NA, 25 micron (Grade 58s) 3.10-3.52, 26 micron (Grade 56-58s) 2.89-3.27, 28 micron (Grade 54s) 2.04-2.31, 30 micron (Grade 50s) 1.77-2.00, 32 micron (Grade 46-48s) 1.47-1.67, Merino Clippings 2.89-3.27.

1The 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