ASI Market Report

Market Summary, Week ending June 24, 2016

Feeder Prices ($/cwt.), San Angelo: 50-60 lbs. for 208-216; 60-70 lbs. for 180-191; 70-90 lbs. for 172.50-188; 90-110 lbs. for 170-178.

Slaughter Prices - Negotiated ($/cwt.), wooled and shorn 126-169 lbs. for 130-170 (wtd avg 159.33).

Slaughter Prices - Formula1, 75-85 lbs. for 278.63; over 95 lbs. for 254.21; other weights not reported.

Equity Electronic Auction, No sales.

Cutout Value/Net Carcass Value2, $304.73/cwt.

Carcass Price, Choice and Prime, YG 1-4, $/cwt., weighted averages, 55-65 lbs. not reported due to confidentiality; 1,058 head at 65-75 lbs. for 304.53, 1,243 head at 75-85 lbs. for 291.19; 85+ lbs. not reported.

Boxed Lamb, weighted average prices ($/cwt.), Trimmed 4" Loins 524.09, Rack, roast-ready, frenched (cap-on) 1,279.04, Rack, roast-ready, frenched, special (cap-off) 1,742.53, Leg, trotter-off, partial boneless 472.90, Shoulder, square-cut 274.92, Ground lamb 516.55.

Imported Boxed Lamb, weighted average prices ($/cwt.), AUS Rack (fresh, frenched, cap-off, 28 oz/up) 830.61, AUS Shoulder (fresh, square-cut) 200.80, AUS Leg (fresh, semi boneless) 345.87, AUS Rack (frozen, frenched, cap-off, 28 oz/up) 679.43, NZ Rack (frozen, frenched, cap-off, 20 oz/up) 665.87, AUS Shoulder (frozen, square-cut) 172.88.

Exported Adult Sheep, 0 head

Wool, Price ($/pound) Clean, 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, Clean, delivered FOB warehouse & gross producers ($/pound), 18 micron (Grade 80s) 3.96-4.49, 19 micron (Grade 80s) 3.87-4.39, 20 micron (Grade 70s) 3.79-4.30, 21 micron (Grade 64-70s) 3.75-4.26, 22 micron (Grade 64s) 3.71-4.21, 23 micron (Grade 62s) 3.66-4.14, 24 micron (Grade 60-62s) NA, 25 micron (Grade 58s) NA, 26 micron (Grade 56-58s) 2.90-3.29, 28 micron (Grade 54s) 2.11-2.39, 30 micron (Grade 50s) 1.87-2.12, 32 micron (Grade 46-48s) NA, Merino Clippings 2.87-3.25.

1Heavier lambs 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