ASI Market Report

Market Summary, Week ending April 22, 2016

Feeder Prices ($/cwt.), San Angelo: 40-55 lbs. for 226-236; 64 lbs. for 210; 92 lbs. for 164.

Slaughter Prices - Negotiated ($/cwt.), wooled and shorn 143-186 lbs. for 115.68-150 (wtd avg 132.10).

Slaughter Prices - Formula1, No prices reported due to confidentiality.

Equity Electronic Auction, No sales.

Cutout Value/Net Carcass Value2, $306.30/cwt.

Carcass Price, Choice and Prime, YG 1-4, $/cwt., weighted averages, 520 head at 55-65 lbs. for "no prices reported due to confidentiality"; 1,104 head at 65-75 lbs. for 283.65, 1,085 head at 75-85 lbs. for 274.74; 1,312 head at 85+ lbs. for "no prices reported due to confidentiality".

Boxed Lamb, weighted average prices ($/cwt.), Trimmed 4" Loins 523.25, Rack, roast-ready, frenched (cap-on) 1,331.16, Rack, roast-ready, frenched, special (cap-off) 1,814.60, Leg, trotter-off, partial boneless 464.28, Shoulder, square-cut 261.89, Ground lamb 540.22.

Imported Boxed Lamb, weighted average prices ($/cwt.), AUS Rack (fresh, frenched, cap-off, 28 oz/up) 839.08, AUS Shoulder (fresh, square-cut) NA, AUS Leg (fresh, semi boneless) 356.03, AUS Rack (frozen, frenched, cap-off, 28 oz/up) 705.05, NZ Rack (frozen, frenched, cap-off, 20 oz/up) 760.98, AUS Shoulder (frozen, square-cut) 164.89.

Exported Adult Sheep, 315 head

Wool, Price ($/pound) Clean, Delivered, From 2-3 weeks ago: 18 micron (Grade 80s) NA, 19 micron (Grade 80s) NA, 20 micron (Grade 70s) 3.94, 21 micron (Grade 64-70s) 3.89-4.06, 22 micron (Grade 64s) 3.69-3.73, 23 micron (Grade 62s) 3.59, 24 micron (Grade 60-62s) 3.08, 25 micron (Grade 58s) 3.15, 26 micron (Grade 56-58s) NA, 27 micron (Grade 56s) 2.80, 28 micron (Grade 54s) NA, 29 micron (Grade 50-54s) NA, 30-34 micron (Grade 44-50s) NA.

Australian Wool, Clean, delivered FOB warehouse & gross producers ($/pound), 18 micron (Grade 80s) 3.92-4.45, 19 micron (Grade 80s) 3.79-4.30, 20 micron (Grade 70s) 3.69-4.18, 21 micron (Grade 64-70s) 3.62-4.10, 22 micron (Grade 64s) 3.57-4.05, 23 micron (Grade 62s) 3.55-4.03, 24 micron (Grade 60-62s) NA, 25 micron (Grade 58s) NA, 26 micron (Grade 56-58s) 2.82-3.19, 28 micron (Grade 54s) 2.17-2.46, 30 micron (Grade 50s) 1.90-2.15, 32 micron (Grade 46-48s) 1.64-1.86, Merino Clippings 2.85-3.23.

1Heavier lambs typically bring 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 USDA's AMS