ASI Market Report

Market Summary, Week ending June 21, 2019

Commercial Feeder Prices, ($/cwt.), St. Onge-Newell, SD (May 30): $165.50-$185; Billings, MT (April 15): $175-$198.

Slaughter Prices – Live, negotiated, 114-200 lbs. $156.37 per cwt.

Slaughter Prices – Formula, 86.20 lbs. carcass weight $292.95 per cwt.

Slaughter Prices “Comprehensive Information”–-Formula & Negotiated, 83.06 lbs. carcass weight $299.17 per cwt.

Equity Electronic Auction, 145 lbs. $156.00.

Slaughter Prices – Non-traditional, 60-90 lbs., San Angelo, TX $140-$170; New Holland, PA $170-$207.

Federally-inspected slaughter (Week ending 6/8/19): 39,149 head

Cutout Value/Net Carcass Value (1), $345.01 per cwt.

Carcass Price, Choice and Prime, YG 1-4, weighted average prices ($/cwt.), No prices reported.

Boxed Lamb, weighted average prices ($/cwt.), Trimmed Loins 4x4 540.30, Rack, roast-ready, frenched (cap-on) 1,623.30, Rack, roast-ready, frenched, special (cap-off) 2,145.53, Leg, trotter-off, partial boneless 534.36, Shoulder, square-cut 304.64, Ground lamb 572.81.

Imported Boxed Lamb, weighted average prices ($/cwt.), AUS Rack (fresh, frenched, cap-off, 28 oz/up) 1,190.10, AUS Shoulder (fresh, square-cut) 301.98, AUS Leg (fresh, semi boneless) 359.17, AUS Rack (frozen, frenched, cap-off, 28 oz/up) 1,144.53, NZ Rack (frozen, frenched, cap-off, 20 oz/up) 1,124.64, AUS Shoulder (frozen, square-cut) 269.99.

Exported Slaughter Ewes, 0 head

Wool, ($/pound clean), delivered FOB, From Four Weeks ago: 18 micron (Grade 80s) NA, 19 micron (Grade 80s) NA, 20 micron (Grade 70s) NA, 21 micron (Grade 64-70s) 5.21, 22 micron (Grade 64s) 5.20, 23 micron (Grade 62s) 4.38-4.87, 24 micron (Grade 60-62s) 4.39, 25 micron (Grade 58s) 3.56, 26 micron (Grade 56-58s) NA, 27 Micron (Grade 54-56s) NA, 28 micron (Grade 54s) NA, 30 micron (Grade 50s) NA, 32 micron (Grade 46-48s) NA, Merino Clippings NA.

Australian Wool, ($/pound clean), delivered FOB, 18 micron (Grade 80s) 5.18-5.87, 19 micron (Grade 80s) 5.02-5.69, 20 micron (Grade 70s) 4.97-5.63, 21 micron (Grade 64-70s) 4.96-5.62, 22 micron (Grade 64s) NA, 23 micron (Grade 62s) NA, 24 micron (Grade 60-62s) NA, 25 micron (Grade 58s) NA, 26 micron (Grade 56-58s) NA, 28 micron (Grade 54s) 2.67-3.03, 30 micron (Grade 50s) 2.19-2.48, 32 micron (Grade 46-48s) 1.53-1.73, Merino Clippings 2.38-2.70.

(1) The 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.