National Wool Review
May 24
Domestic wool trading on a clean basis was at a standstill this week.  There 
were no confirmed trades reported.  Prices reflect trades FOB warehouse in 
original bag or square pack, bellies out, some graded, and 76 mm or longer.  
No allowance made for coring, freight or handling fees at the warehouse level to 
reflect net grower prices (*) indicates new prices this week. (NA) represents 
microns not normally available in this region. Wools shorter than 75 mm 
typically discounted .10-.20 clean. Classed and skirted wools usually trade at a 
.10-.20 premium to original bag prices. 

            US             Fleece         Territory      Texas and
Micron    Grades           States          States        New Mexico
18        80s               None            None            None
19        70-80s            None            None            None 
20        64-70s            None            None            None 
21        64s               None            None            None 
22        62s               None            None            None 
23        60-62s            None            None            None 
24        60s               None            None            None 
25        58s               None            None            None 
26        56-58s            None            None            None 
27        54-56s            None            None            None 
28        54s               None            None             NA
29        50-54s            None            None             NA
30-34     44-50s            None            None             NA

Domestic wool trading on a greasy basis was inactive this week. There were no 
confirmed trades reported.  All trades reported on a weighted average.

Domestic wool tags are delivered to buyer and reported on a greasy basis:
      Number 1 tags        Number 2 tags        Number 3 tags
         .60-.70              .50-.60              .40-.50 

  In Australia this week, the Eastern Market Indicator was down 60 at 1833 cents 
per Kg clean from the sale a week ago.  A total of 24,121 bales were offered 
with sales of 71.8 percent.  The Australian exchange rate was stronger by .0039 
at .6877 percent of the U.S. dollar.  Australian wool prices are quoted 
delivered Charleston, South Carolina.  The current freight rate is .15 cents per 
pound clean. Schlumberger Dry formula is used for yield determination.    
  The 75-85 percent of Australia price range can be used as an estimated value 
of clean domestic prices FOB the warehouse and gross producer.  These are 
estimated domestic values and may vary depending on current market conditions, 
yield, strength, length, colored fiber content, poly contamination, and other 
quality factors.

                      Clean Del Price    Change from    75-85 Percent
Micron    US Grade    in U.S. Dollars   Previous Sale    of Australia 
  18      80s               7.26            - .21         5.44-6.17
  19      70-80s            6.87            - .26         5.15-5.84 
  20      64-70s            6.85            - .17         5.13-5.82
  21      64s               6.80            - .25         5.10-5.78
  22      62s               6.80            - .18         5.10-5.78  
  23      60-62s            6.41            -----         4.81-5.45
  24      60s               ----            -----         ---------
  25      58s               ----            -----         --------- 
  26      56-58s            ----            -----         ---------
  28      54s               3.49            - .36         2.62-2.97
  30      50s               2.92            - .31         2.19-2.48
  32      46-48s            1.94            - .17         1.45-1.65
  Merino Clippings          3.36            - .08         2.52-2.85

Eastern Market Indicator was down 60 at 1833 cents per kg clean. Australian 
exchange rate was stronger by .0039 at .6877 percent of the U.S. dollar.
National Sheep Summary
May 24
Weekly Trends:  Compared to last week slaughter lambs were steady to
15.00 lower, instances 20.00 lower.  Slaughter ewes were mostly steady,
instances 10.00 lower.  Feeder lambs were not well tested.  At San Angelo,
TX 8715 head sold.  No sales in Equity Electronic Auction.  In direct
trading slaughter ewes and feeder lambs were not tested.  6600 head of
negotiated sales of slaughter lambs were steady.  2,464 lamb carcasses
sold with all weights no trend due to confidentiality.  All sheep sold
per hundred weight (CWT) unless otherwise specified.

Slaughter Lambs:   Choice and Prime 2-3 90-160 lbs:
  San Angelo:     hair lambs 110-125 lbs 137.00-145.00.
  VA:             no test.
  PA:             wooled and shorn 90-100 lbs 220.00-245.00, 100-130 lbs
                  225.00-260.00, few 265.00-275.00; 155-170 lbs 170.00-
                  185.00.
  Ft.Collins, CO: wooled 100-140 lbs 137.50-175.00.
  South Dakota:   wooled and shorn 133 lbs 169.00.
  Kalona, IA:     wooled 120-130 lbs 171.00-175.00; 142 lbs 168.00.
  Billings, MT:   no test.
  Missouri:       no test.
  Equity Elec:    no sales.
Slaughter Lambs:  Choice and Prime 1-2:
  San Angelo:     hair lambs 40-60 lbs 180.00-204.00; 60-70 lbs 160.00-
                  184.00; 70-80 lbs 150.00-172.00; 80-90 lbs 139.00-
                  171.00; 90-110 lbs 136.00-164.00. wooled and shorn 40-
                  70 lbs 180.00-192.00; 70-80 lbs 166.00-178.00; 80-90
                  lbs 148.00-162.00; 90-105 lbs 164.00-170.00.
  Pennsylvania:   wooled and shorn 40-50 lbs 225.00-275.00; 50-60 lbs
                  210.00-255.00, few 280.00-305.00; 60-70 lbs 215.00-
                  260.00; 70-80 lbs 210.00-240.00, few 240.00-265.00;
                  80-90 lbs 205.00-235.00. hair lambs 50-60 lbs 220.00-
                  227.00; 60-70 lbs 215.00-230.00; 70-80 lbs 195.00-
                  225.00, few 245.00; 80-90 lbs 200.00-222.00; 90-110
                  ls 210.00-235.00.
  Kalona, IA:     wooled 40-60 lbs 182.50-199.50; 60-80 lbs 170.00-
                  187.50; 80-90 lbs 165.00-177.00; 90-110 lbs 167.50-
                  181.00. hair lambs 50-70 lbs 157.50-170.00; 70-80 lbs
                  167.50-175.00; 95 lbs 170.00.
  Ft. Collins:    wooled and shorn 60-65 lbs 180.00-182.50; 90-100 lbs
                  184.00-186.00.
  Missouri:       hair lambs 40-70 lbs 170.00-188.00; 77 lbs 170.00; 84
                  lbs 160.00. wooled and shorn 40-65 lbs 170.00-182.50;
                  80-90 lbs 147.00-160.00; 98 lbs 141.00.
  Virginia:       30-60 lbs 217.00-282.50; 60-80 lbs 260.00-270.00; 80-
                  110 lbs 207.00-252.50.
  South Dakota:   wooled and shorn 40 lbs 160.00; 60-70 lbs 152.50-
                  160.00; 90-100 lbs 157.50-175.00.
  Billings, MT:   no test.
Direct Trading:   (lambs fob with 3-4 percent shrink or equivalent)
            6600: Slaughter Lambs shorn and wooled 123-177 lbs 135.00-
                  168.00 (wtd avg 155.52).
Slaughter Ewes:
  San Angelo:   Good 3-4 (very fleshy) no test; Good 2-3 (fleshy) 57.00-
                62.00; Utility and Good 1-3 (medium flesh) 62.00-74.00,
                hair ewes 80.00; Utility 1-2 (thin) 58.00-72.00; Cull
                and Utility 1-2 (very thin) 45.00-55.00; Cull 1 (extremely
                thin) 30.00-40.00.
  Pennsylvania: Good 3-4 (very fleshy) 40.00-67.00; Good 2-3 (fleshy)
                70.00-110.00; Utility 1-2 (thin) 50.00-90.00; Cull 1
                40.00-52.00.
  Virginia:     Good 2-4 60.00-85.00; Utility 1-2 50.00-65.00; Cull 1
                50.00-55.00.
  Ft. Collins:  Good 3-5 (very fleshy) 57.50-78.00; Good 2-3 (fleshy)
                45.00-77.50; Utility 1-2 (thin) 38.00-40.00; Cull 1
                (extremely thin) no test.
  Billings, MT: Good 3-4 (very fleshy) no test; Good 2-3 (fleshy)
                no test; Utility 1-2 (thin) no test; Cull 1 no test.
  So Dakota:    Good 3-4 (very fleshy) 49.00-61.00; Good 2-3 (fleshy)
                45.00-60.00; Utility 1-2 (thin) 40.00-55.00; Cull 1
                22.50.
  Missouri:     Utility and Good 1-3 (medium flesh) 72.50-75.00; Utility
                1-2 (thin)52.00.
  Kalona:       Good 3-4 (very fleshy) no test; Good 2-3 (fleshy)
                54.00-74.00; Utility and Good 1-3 (medium flesh) 48.00-
                65.00; Utility 1-2 (thin) 50.00.
Feeder Lambs:   Medium and Large 1-2:
  San Angelo:   60-70 lbs 206.00-212.00; 72 lbs 200.00; 80-90 lbs 160.00-
                186.00; 102 lbs 156.00.
  Virginia:     no test.
  Ft. Collins:  37 lbs 157.50.
  Billings:     no test.
  Kalona:       40-60 lbs 166.00-182.50; 60-75 lbs 167.50-180.00.
  So. Dakota:   30-40 lbs 210.00-215.00; 40-50 lbs 195.00-210.00; 50-60
                lbs 172.50-187.50; 60-70 lbs 160.00-170.00; 70-75 lbs
                162.00-162.50; 80-85 lbs 162.00-165.00.
  Missouri:     25-50 lbs 165.00-180.00.
Replacement Ewes:  Medium and Large 1-2:
  San Angelo:   hair ewe lambs 60-80 lbs 179.00-186.00 cwt, 80-100 lbs
                168.00-170.00 cwt; mixed age hair ewes 80-135 lbs 90.00-
                122.00 cwt.
  Ft. Collins:  ewes with lambs 180.00-195.00 per family.
  Billings:     no test.
  So Dakota:    yearlings 150 lbs 85.00 cwt; young 125-155 lbs 62.50-
                70.00 cwt; solid mouth 145 lbs 70.00 cwt.
  Kalona, IA:   no test.
  Missouri:     yearling hair ewes 105 lbs 110.00 cwt; young hair ewes
                155 lbs 137.50 cwt.
  Virginia:     no test.
National Weekly Lamb Carcass
                        Choice and Prime 1-4:
   Weight         Head           Wt Avg
   45 lbs down    Price not reported due to confidentiality
   45-55 lbs      Price not reported due to confidentiality
   55-65 lbs      Price not reported due to confidentiality
   65-75 lbs      Price not reported due to confidentiality
   75-85 lbs      Price not reported due to confidentiality
   85 lbs up      Price not reported due to confidentiality
  
Sheep and lamb slaughter under federal inspection for the week to date
totaled 44,000 compared with 41,000 last week and 41,000 last year.

Recommended for you