September 1, 2006
September 1, 2006 - The U.S. Department of Agriculture's prices for wool the week beginning Aug. 30, 2006, can be accessed at: www.fsa.usda.gov/pas/reports/wool.htm
Posted prices for ungraded wool (per lb./greasy basis) for the week are: Region 1, $0.20; Region 2, $0.18; and Region 3, $0.16.
The LDP rate for ungraded wool, therefore, is $0.22 per lb. greasy this week.
These rates are used to determine the loan repayment rates for marketing assistance loans and to calculate loan deficiency payment.