May 16, 2008
May 16, 2008 - The U.S. Department of Agriculture's prices for wool the week beginning May 14, 2008, can be accessed at www.fsa.usda.gov/FSA/webapp?area=home&subject=ecpa&topic=fta-wm
Posted prices for ungraded wool (per lb./greasy basis) for the week are: Region 1, $0.22; Region 2, $0.20; and Region 3, $0.18.
The LDP rate for ungraded wool is $0.20 per lb. greasy.
These rates are used to determine the loan repayment rates for marketing assistance loans and to calculate loan deficiency payment.