September 2, 2005
The U.S. Department of Agriculture's prices for wool the week beginning August 31, 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, $0.23; Region 2, $0.21; and Region 3, $0.19. The LDP rate for ungraded wool, therefore, is $0.19 per lb. greasy this week.
These rates are used to determine the loan repayment rates for marketing assistance loans and to calculate loan deficiency payments.