ASI Market Report

Market Summary, Week ending April 5, 2019

Feeder Prices, 60-90 lbs. ($/cwt.), San Angelo, TX: $172-$182; St. Onge-Newell, SD: $188-$190; Billings, MT (March 11): $177-$185.

Slaughter Prices – Live, negotiated, 113-182 lbs. $151.43 per cwt.

Slaughter Prices – Formula, 82.20 lbs. carcass weight $282.99 per cwt.

Slaughter Prices “Comprehensive Information”–-Formula & Negotiated, 81.54 lbs. carcass weight $286.99 per cwt.

Equity Electronic Auction, No sale.

Cutout Value/Net Carcass Value (1), $331.35 per cwt.

Carcass Price, Choice and Prime, YG 1-4, weighted average prices ($/cwt.), No prices reported.

Boxed Lamb, weighted average prices ($/cwt.), Trimmed Loins 4x4 514.91, Rack, roast-ready, frenched (cap-on) 1,651.24, Rack, roast-ready, frenched, special (cap-off) 2,126.96, Leg, trotter-off, partial boneless 527.83, Shoulder, square-cut 278.12, Ground lamb 579.40.

Imported Boxed Lamb, weighted average prices ($/cwt.), AUS Rack (fresh, frenched, cap-off, 28 oz/up) 1,218.25, AUS Shoulder (fresh, square-cut) 301.98, AUS Leg (fresh, semi boneless) 347.10, AUS Rack (frozen, frenched, cap-off, 28 oz/up) 1,185.86, NZ Rack (frozen, frenched, cap-off, 20 oz/up) 1,197.10, AUS Shoulder (frozen, square-cut) NA.

Exported Adult Sheep, 327 head

Wool, ($/pound clean), delivered FOB (from 17 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) 5.82-5.91, 23 micron (Grade 62s) 5.25, 24 micron (Grade 60-62s) 3.90, 25 micron (Grade 58s) NA, 26 micron (Grade 56-58s) 3.30, 27 Micron (Grade 54-56s) NA, 28 micron (Grade 54s) NA, 30 micron (Grade 50s) NA, 32 micron (Grade 46-48s) NA, Merino Clippings NA.

Australian Wool, ($/pound clean), delivered FOB, 18 micron (Grade 80s) 5.91-6.70, 19 micron (Grade 80s) 5.67-6.42, 20 micron (Grade 70s) 5.60-6.34, 21 micron (Grade 64-70s) 5.59-6.33, 22 micron (Grade 64s) 5.56-6.31, 23 micron (Grade 62s) NA, 24 micron (Grade 60-62s) NA, 25 micron (Grade 58s) 4.05-4.60, 26 micron (Grade 56-58s) 3.63-4.11, 28 micron (Grade 54s) 3.03-3.43, 30 micron (Grade 50s) 2.44-2.77, 32 micron (Grade 46-48s) 1.65-1.87, Merino Clippings 2.80-3.17.

(1) The 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.