ASI Market Report

Market Summary, Week ending Feb. 8, 2019

Feeder Prices, 60-90 lbs. ($/cwt.), San Angelo, TX: $154-$190, St. Onge-Newell, SD: sale canceled due to blizzard conditions; Billings, MT (Jan. 14): $182-$220.

Slaughter Prices – Live, negotiated, 150-181 lbs. $130.04 per cwt.

Slaughter Prices – Formula, 80.90 lbs. carcass weight $264.62 per cwt.

Slaughter Prices “Comprehensive Information”–-Formula & Negotiated, 81.53 lbs. carcass weight $262.14 per cwt.

Equity Electronic Auction, No sales.

Cutout Value/Net Carcass Value (1), $330.47 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 532.80, Rack, roast-ready, frenched (cap-on) 1,661.66, Rack, roast-ready, frenched, special (cap-off) 2,189.58, Leg, trotter-off, partial boneless 511.93, Shoulder, square-cut 282.66, Ground lamb 581.03.

Imported Boxed Lamb, weighted average prices ($/cwt.), AUS Rack (fresh, frenched, cap-off, 28 oz/up) 1,238.83, AUS Shoulder (fresh, square-cut) 325.01, AUS Leg (fresh, semi boneless) NA, AUS Rack (frozen, frenched, cap-off, 28 oz/up) 1,196.72, NZ Rack (frozen, frenched, cap-off, 20 oz/up) 1,213.47, AUS Shoulder (frozen, square-cut) 278.34.

Exported Adult Sheep, 265 head

Wool, ($/pound clean), delivered FOB (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) 5.82-5.91, 23 micron (Grade 62s) 5.25, 24 micron (Grade 60-62s) 3.90, 25 micron (Grade 58s) NA, 26 micron (Grade 56-58s) 3.30, 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) 6.04-6.68, 19 micron (Grade 80s) 5.69-6.45, 20 micron (Grade 70s) 5.60-6.34, 21 micron (Grade 64-70s) 5.57-6.31, 22 micron (Grade 64s) 5.51-6.24, 23 micron (Grade 62s) 5.50-6.24, 24 micron (Grade 60-62s) 4.80-5.45, 25 micron (Grade 58s) 3.77-4.27, 26 micron (Grade 56-58s) 3.35-3.80, 28 micron (Grade 54s) 2.65-3.00, 30 micron (Grade 50s) 2.26-2.56, 32 micron (Grade 46-48s) 1.35-1.53, Merino Clippings 2.86-3.24.

(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.