February 16, 2007
February 16, 2007--The U.S. Department of Agriculture's prices for wool the week beginning Feb. 14 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, $0.19; Region 2, $0.17; and Region 3, $0.15.
The LDP rate for ungraded wool, therefore, is $0.23 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.