ASI Market Report

Market Summary, Week ending September 23, 2016

Feeder Prices ($/cwt.), San Angelo: 42 lbs. 178; 60-90 lbs. 155-162; 95 lbs. 156.

Slaughter Prices - Negotiated ($/cwt.), wooled and shorn 115-154 lbs. for 148-175 (wtd avg 158.36).

Slaughter Prices - Formula1, 75-85 lbs. for 316.45; other weight classes not reported.

Equity Electronic Auction, No sales.

Cutout Value/Net Carcass Value2, $324.00/cwt.

Carcass Price, Choice and Prime, YG 1-4, $/cwt., weighted averages, 740 head at 55-65 lbs. not reported; 1,500 head at 65-75 lbs. 329.53, 1,055 head at 75-85 lbs. 323.57; 609 head at 85+ lbs. 316.23.

Boxed Lamb, weighted average prices ($/cwt.), Trimmed 4" Loins 546.44, Rack, roast-ready, frenched (cap-on) 1,379.66, Rack, roast-ready, frenched, special (cap-off) 1,837.70, Leg, trotter-off, partial boneless 493.18, Shoulder, square-cut 298.83, Ground lamb 520.94.

Imported Boxed Lamb, weighted average prices ($/cwt.), AUS Rack (fresh, frenched, cap-off, 28 oz/up) 825.94, AUS Shoulder (fresh, square-cut) 217.46, AUS Leg (fresh, semi boneless) 403.29, AUS Rack (frozen, frenched, cap-off, 28 oz/up) 773.65, NZ Rack (frozen, frenched, cap-off, 20 oz/up) 717.00, AUS Shoulder (frozen, square-cut) 187.96.

Exported Adult Sheep, 1,344 head

Wool, Price ($/pound) Clean, From 14 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, Clean, delivered FOB warehouse & gross producers ($/pound), 18 micron (Grade 80s) 4.13-4.69, 19 micron (Grade 80s) 3.98-4.51, 20 micron (Grade 70s) 3.77-4.28, 21 micron (Grade 64-70s) 3.74-4.24, 22 micron (Grade 64s) 3.71-4.21, 23 micron (Grade 62s) 3.67-4.16, 24 micron (Grade 60-62s) NA, 25 micron (Grade 58s) 3.30-3.74, 26 micron (Grade 56-58s) 3.11-3.52, 28 micron (Grade 54s) 2.09-2.37, 30 micron (Grade 50s) 1.65-1.87, 32 micron (Grade 46-48s) 1.40-1.59, Merino Clippings 2.84-3.22.

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 AMS