ASI Market Report

Market Summary, Week ending August 26, 2016

Feeder Prices ($/cwt.), San Angelo: 60-70 lbs. 180-185; 70-90 lbs. 175-182; 90-100 lbs. 168-172.

Slaughter Prices - Negotiated ($/cwt.), wooled and shorn 123-155 lbs. for 140-175 (wtd avg 163.13).

Slaughter Prices - Formula1, No prices reported.

Equity Electronic Auction, No sale.

Cutout Value/Net Carcass Value2, $325.34/cwt.

Carcass Price, Choice and Prime, YG 1-4, $/cwt., weighted averages, 524 head at 55-65 lbs. not reported; 1,409 head at 65-75 lbs. 334.34, 1,032 head at 75-85 lbs. not reported; 690 head at 85+ lbs. not reported.

Boxed Lamb, weighted average prices ($/cwt.), Trimmed 4" Loins 550.92, Rack, roast-ready, frenched (cap-on) 1,326.05, Rack, roast-ready, frenched, special (cap-off) 1,788.55, Leg, trotter-off, partial boneless 486.54, Shoulder, square-cut 303.03, Ground lamb 530.12.

Imported Boxed Lamb, weighted average prices ($/cwt.), AUS Rack (fresh, frenched, cap-off, 28 oz/up) 832.61, AUS Shoulder (fresh, square-cut) 211.48, AUS Leg (fresh, semi boneless) 405.40, AUS Rack (frozen, frenched, cap-off, 28 oz/up) 716.30, NZ Rack (frozen, frenched, cap-off, 20 oz/up) 770.18, AUS Shoulder (frozen, square-cut) 170.03.

Exported Adult Sheep, 0 head

Wool, Price ($/pound) Clean, From 10 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) 4.10-4.65, 19 micron (Grade 80s) 3.97-4.50, 20 micron (Grade 70s) 3.92-4.44, 21 micron (Grade 64-70s) 3.90-4.43, 22 micron (Grade 64s) 3.87-4.39, 23 micron (Grade 62s) 3.85-4.36, 24 micron (Grade 60-62s) NA, 25 micron (Grade 58s) 3.27-3.71, 26 micron (Grade 56-58s) 3.07-3.48, 28 micron (Grade 54s) 2.14-2.42, 30 micron (Grade 50s) 1.87-2.12, 32 micron (Grade 46-48s) 1.62-1.84, Merino Clippings 2.83-3.20.

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