Weekly National Market Prices for Wool
May 20, 2005
May 20, 2005 -- The U.S. Department of Agriculture?s prices for wool the week beginning May 18, 2005, can be accessed at: http://www.fsa.usda.gov/pas/reports/wool.htm.
Posted prices for ungraded wool (per lb., greasy basis) for the week are: Region 1, $0.26; Region 2, $0.24; and Region 3, $0.22. The LDP rate for ungraded wool, therefore, is $0.16 per lb. greasy.
These rates are used to determine the loan repayment rates for marketing assistance loans and to calculate loan deficiency payments.