ASI Market Report

Market Summary, Week ending July 22, 2016

Feeder Prices ($/cwt.), San Angelo: 50-60 lbs. for 186-198; 60-100 lbs. for 180-191.

Slaughter Prices - Negotiated ($/cwt.), wooled and shorn 127-182 lbs. for 140-175 (wtd avg 167.15).

Slaughter Prices - Formula1, 55-65 lbs. for 308.92; 65 to over 95 lbs., not reported.

Equity Electronic Auction, No sales.

Cutout Value/Net Carcass Value2, $319.90/cwt.

Carcass Price, Choice and Prime, YG 1-4, $/cwt., weighted averages, 403 head at 55-65 lbs. not reported due to confidentiality; 1,210 head at 65-75 lbs. for 324.96, 989 head at 75-85 lbs. for 312.97; 1,102 head at 85+ lbs. for 300.15.

Boxed Lamb, weighted average prices ($/cwt.), Trimmed 4" Loins 541.54, Rack, roast-ready, frenched (cap-on) 1,288.85, Rack, roast-ready, frenched, special (cap-off) 1,784.98, Leg, trotter-off, partial boneless 479.81, Shoulder, square-cut 290.61, Ground lamb 518.11.

Imported Boxed Lamb, weighted average prices ($/cwt.), AUS Rack (fresh, frenched, cap-off, 28 oz/up) 863.94, AUS Shoulder (fresh, square-cut) 221.98, AUS Leg (fresh, semi boneless) 408.27, AUS Rack (frozen, frenched, cap-off, 28 oz/up) 684.98, NZ Rack (frozen, frenched, cap-off, 20 oz/up) 678.44, AUS Shoulder (frozen, square-cut) 186.09.

Exported Adult Sheep, 0 head

Wool, Price ($/pound) Clean, From 5 weeks ago: Delivered, 18 micron (Grade 80s) NA, 19 micron (Grade 80s) NA, 20 micron (Grade 70s) NA, 21 micron (Grade 64-70s) 3.61, 22 micron (Grade 64s) 3.54-3.76, 23 micron (Grade 62s) NA, 24 micron (Grade 60-62s) 3.33, 25 micron (Grade 58s) 2.93-3.38, 26 micron (Grade 56-58s) NA, 27 micron (Grade 56s) 2.02, 28 micron (Grade 54s) 1.85, 29 micron (Grade 50-54s) NA, 30-34 micron (Grade 44-50s) 1.65.

Australian Wool, From 2 weeks ago--Australian market on a 3-week recess: Clean, delivered FOB warehouse & gross producers ($/pound), 18 micron (Grade 80s) 4.11-4.66, 19 micron (Grade 80s) 3.99-4.53, 20 micron (Grade 70s) 3.95-4.47, 21 micron (Grade 64-70s) 3.92-4.45, 22 micron (Grade 64s) 3.88-4.39, 23 micron (Grade 62s) 3.86-4.38, 24 micron (Grade 60-62s) NA, 25 micron (Grade 58s) 3.30-3.74, 26 micron (Grade 56-58s) 3.00-3.40, 28 micron (Grade 54s) 2.07-2.34, 30 micron (Grade 50s) 1.76-1.99, 32 micron (Grade 46-48s) 1.45-1.64, Merino Clippings 2.91-3.30.

1Heavier carcasses typically receive lower prices per lb. 2The cutout value is the same as a net carcass value. It is a composite value that sums the value of the respective lamb cuts multiplied by their weights. It is also the gross carcass value less processing and packaging costs.

Source: USDA'S AMS