ASI Weekly Summary

Market Summary, Week ending January 29, 2016

Feeder Prices ($/cwt.), San Angelo: 60-70 lbs. for 196-220; 70-80 lbs. for 177-185.

Slaughter Prices - Negotiated ($/cwt.), wooled and shorn 135-167 lbs. for 125-155 (wtd avg 139.11).

Slaughter Prices - Formula1, 2,948 head at 275.70-304.76 $/cwt. for 73.10 lbs.; 4,390 head at 267-293.98 $/cwt. for 80.90 lbs.

Equity Electronic Auction, No sales.

Cutout Value/Net Carcass Value2, $324.81/cwt.

Carcass Price, Choice and Prime, YG 1-4, $/cwt., weighted averages, Price not reported due to confidentiality.

Boxed Lamb, weighted average prices ($/cwt.), Trimmed 4" Loins 535.68, Rack, roast-ready, frenched (cap-on) 1,317.87, Rack, roast-ready, frenched, special (cap-off) 1,811.63, Leg, trotter-off, partial boneless 481.90, Shoulder, square-cut 294.01, Ground lamb 559.94.

Imported Boxed Lamb, weighted average prices ($/cwt.), AUS Rack (fresh, frenched, cap-off, 28 oz/up) 918.33, AUS Shoulder (fresh, square-cut) 248.57, AUS Leg (fresh, semi boneless) 403.24, AUS Rack (frozen, frenched, cap-off, 28 oz/up) 752.59, NZ Rack (frozen, frenched, cap-off, 20 oz/up) 742.65, AUS Shoulder (frozen, square-cut) 161.02.

Exported Adult Sheep, 320 head

Wool, Price ($/pound) Clean, Delivered, From 6 weeks ago: 18 micron (Grade 80s) NA, 19 micron (Grade 80s) NA, 20 micron (Grade 70s) NA, 21 micron (Grade 64-70s) NA, 22 micron (Grade 64s) 3.34-3.41, 23 micron (Grade 62s) 3.35, 24 micron (Grade 60-62s) 2.91, 25 micron (Grade 58s) 2.69-2.84, 26 micron (Grade 56-58s) NA, 27 micron (Grade 56s) 2.15, 28 micron (Grade 54s) 2.14, 29 micron (Grade 50-54s) NA, 30-34 micron (Grade 44-50s) 1.67.

Australian Wool, Clean, delivered FOB warehouse & gross producers ($/pound), 18 micron (Grade 80s) 3.77-4.27, 19 micron (Grade 80s) 3.55-4.03, 20 micron (Grade 70s) 3.42-3.88, 21 micron (Grade 64-70s) 3.41-3.86, 22 micron (Grade 64s) 3.38-3.83, 23 micron (Grade 62s) 3.32-3.76, 24 micron (Grade 60-62s) NA, 25 micron (Grade 58s) 2.66-3.02, 26 micron (Grade 56-58s) 2.46-2.79, 28 micron (Grade 54s) 2.11-2.39, 30 micron (Grade 50s) 1.93-2.18, 32 micron (Grade 46-48s) 1.70-1.93, Merino Clippings 2.87-3.25.

1Prices reported for the two weight categories of the largest volume traded. Second, multiplying the carcass prices by an estimated 50.4% dressing percentage yields live weight prices. 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