National Wool Review
May 10
Domestic wool trading on a clean basis was very active this week.  There were 
824,333 lbs of 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            6.61*           None
19        70-80s            None            6.54*           None 
20        64-70s            6.29*           6.41*           None 
21        64s               None            6.28*           None 
22        62s               5.79*           6.12*           None 
23        60-62s            5.40*           5.74*           None 
24        60s               5.11*           5.13*           None 
25        58s               None            4.23*           None 
26        56-58s            None            3.54*           None 
27        54-56s            None            3.08*           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 active this week. There were 439,474 
lbs of confirmed trades reported.  All trades reported on a weighted average.

   Territory States Ewe Wool:  65-70mm 20 micron 3.06; 65-70mm 21 micron 3.05; 
65-70mm 22 micron 2.97; 60-70mm 23 micron 2.51; 60-70mm 24 micron 2.47; 60-65mm 
25 micron 1.85; 50-55mm 29 micron 0.46; 60-65mm 32 micron black wool 0.25.
   Yearling Wool:  70-75mm 19 micron 3.87; 60-70mm 20 micron 3.33; 60-70mm 21 
micron 3.31; 60-65mm 23 micron 2.87; 50-55mm 24 micron 1.17.
   Bellies:  50-55mm 22 micron 0.96; 60-65mm 26 micron 0.85.
   Pieces: 40-45mm 21 micron 1.02; 40-45mm 24 micron 0.70; 40-45mm 26 micron 
0.50.

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 8 at 1952 cents 
per Kg clean from the sale a week ago.  A total of 32,801 bales were offered 
with sales of 87.1 percent.  The Australian exchange rate was stronger by .0047 
at .6974 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               7.68            - .11         5.76-6.53
  19      70-80s            7.37            - .12         5.53-6.27 
  20      64-70s            7.28            - .11         5.46-6.19
  21      64s               7.26            - .10         5.44-6.17
  22      62s               7.22            - .06         5.42-6.14  
  23      60-62s            ----            -----         ---------
  24      60s               ----            -----         ---------
  25      58s               ----            -----         --------- 
  26      56-58s            4.97            - .00         3.73-4.22
  28      54s               4.34            + .03         3.25-3.68
  30      50s               3.33            - .02         2.50-2.83
  32      46-48s            2.24            - .01         1.68-1.90
  Merino Clippings          3.60            - .02         2.70-3.06

Eastern Market Indicator was down 8 at 1952 cents per kg clean. Australian 
exchange rate was stronger by .0047 at .6974 percent of the U.S. dollar.
National Sheep Summary
May 10
Weekly Trends:  Compared to last week slaughter lambs were mostly
steady to 20.00 higher, except at Kalona, IA and Ft. Collins, CO 5.00-
20.00 lower.  Slaughter ewes were steady to 14.00 higher.  Feeder lambs
were not well tested.  At San Angelo, TX 7391 head sold.  No sales in
Equity Electronic Auction.  In direct trading slaughter ewes and feeder
lambs were not tested.  3800 head of negotiated sales of slaughter lambs
were 3.00-4.00 higher.  2,817 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:     shorn and wooled 110-140 lbs 135.00-151.00.
  VA:             no test.
  PA:             shorn and wooled 90-100 lbs 242.00-255.00; 100-150 lbs
                  190.00-255.00; 150-185 lbs 167.00-200.00.
  Ft.Collins, CO: wooled 100-135 lbs 150.00-180.00.
  South Dakota:   shorn and wooled 115-130 lbs 167.00-181.00.
  Kalona, IA:     wooled 140 lbs 172.50.
  Billings, MT:   no test.
  Missouri:       wooled 100-145 lbs 156.50-180.00.
  Equity Elec:    no sales.
Slaughter Lambs:  Choice and Prime 1-2:
  San Angelo:     40-60 lbs 216.00-242.00, few 246.00-250.00; 60-70 lbs
                  184.00-214.00, few 216.00-224.00; 70-80 lbs 170.00-
                  192.00, few 194.00-198.00; 80-90 lbs 164.00-186.00; 90-
                  110 lbs 154.00-180.00.
  Pennsylvania:   40-50 lbs 230.00-265.00; 50-60 lbs 230.00-260.00; 60-70
                  lbs 235.00-265.00; 70-80 lbs 220.00-247.00, few 250.00;
                  80-90 lbs 225.00-240.00, few 250.00-265.00; 90-110 lbs
                  195.00-245.00.
  Kalona, IA:     40-60 lbs 187.50-212.50; 60-70 lbs 193.00-203.00; 70-80
                  lbs 193.00-210.00; 80-90 lbs 189.00-205.00; 90-110 lbs
                  177.50-205.00.60
  Ft. Collins:    60-80 lbs 195.00-208.00; 80-90 lbs 195.00-220.00.
  Missouri:       50-60 lbs 200.00-220.00; 60-70 lbs 192.50-220.00; 70-80
                  lbs 180.00-202.00; 83 lbs 203.00; 90-100 lbs 172.50-
                  175.00.
  Virginia:       60-80 lbs 212.50-245.00; 80-110 lbs 220.00-230.00.
  South Dakota:   50-70 lbs 180.00-185.00; 70-80 lbs 182.00-182.50; 80-90
                  lbs 172.50-182.50; 90-100 lbs 177.00-177.50.
  Billings, MT:   60-65 lbs 190.00-217.50; 70-80 lbs 209.00-220.00; 84
                  lbs 225.00; 90-100 lbs 200.00-220.00.
Direct Trading:   (lambs fob with 3-4 percent shrink or equivalent)
            3800: Slaughter Lambs shorn and wooled 125-183 lbs 137.00-
                  170.00 (wtd avg 157.75).
Slaughter Ewes:
  San Angelo:   Good 3-4 (very fleshy) no test; Good 2-3 (fleshy) 59.00-
                74.00; Utility and Good 1-3 (medium flesh) 73.00-84.00;
                Utility 1-2 (thin) 58.00-74.00; Cull and Utility 1-2 (very
                thin) 46.00-58.00; Cull 1 (extremely thin) 30.00-47.00.
  Pennsylvania: Good 3-4 (very fleshy) no test; Good 2-3 (fleshy)
                80.00-117.00; Utility 1-2 (thin) no test; Cull 1
                no test.
  Ft. Collins:  Good 3-5 (very fleshy) 72.50-87.50; Good 2-3 (fleshy)
                67.00-105.00; Utility 1-2 (thin) 32.50-46.00; Cull 1
                (extremely thin) no test.
  Billings, MT: Good 3-4 (very fleshy) 37.00-38.50; Good 2-3 (fleshy)
                40.50-48.00; Utility 1-2 (thin) 41.00-49.00; Cull 1
                34.00-39.00.
  So Dakota:    Good 3-4 (very fleshy) 63.00-72.50; Good 2-3 (fleshy)
                61.00-75.00; Utility 1-2 (thin) 36.00-47.00; Cull 1
                24.00-31.00.
  Missouri:     Good 2-3 (fleshy) 45.00-67.00; Utility and Good 1-3
                (medium flesh) 34.00-47.00; Utility 1-2 (thin) 30.00;
                Cull and Utility 1-2 (very thin) 28.00-40.00; Cull 1
                20.00-29.00.
  Virginia:     Good 2-4 60.00-86.00; Utility 1-2 62.00-77.00.
  Kalona:       Good 3-4 (very fleshy) 46.00; Good 2-3 (fleshy)
                52.50-77.50; Utility and Good 1-3 (medium flesh) 51.00-
                67.50; Utility 1-2 (thin) 46.00-62.50; Cull and Utility
                1-2 (very thin) no test; Cull 1 no test.
Feeder Lambs:   Medium and Large 1-2:
  San Angelo:   70-90 lbs 170.00-186.00; 95-115 lbs 168.00-171.00.
  Virginia:     no test.
  Ft. Collins:  35-40 lbs 175.00; 51 lbs 190.00; 64 lbs 170.00.
  Billings:     68 lbs 180.00, 100 lbs 165.00, 110-115 lbs 165.00-175.00,
                124 lbs 148.00; new crop 50-60 lbs 202.50-205.00, 60-70
                lbs 205.00-210.00, 80-85 lbs 213.00-220.00, 97 lbs 190.00.
  Kalona:       40-45 lbs 217.50-225.00; 50-55 lbs 212.50-215.00; 65 lbs
                212.50; 81 lbs 217.50; 90 lbs 194.00.
  So Dakota:    42 lbs 215.00; 50-60 lbs 195.00-205.00.
  Missouri:     35-40 lbs 175.00-180.00; 40-45 lbs 180.00-190.00.
Replacement Ewes:  Medium and Large 1-2:
  San Angelo:   ewe lambs 115-130 lbs 136.00-138.00 cwt; mixed age hair
                ewes 80-135 lbs 88.00-132.00 cwt.
  Ft. Collins:  hair yearlings 80-105 lbs 77.50-105.00 cwt; ewes with
                lambs 75.00 per family.
  Billings:     yearlings 130 lbs 95.00 cwt; young 120-175 lbs 120-175
                lbs 64.00-90.00 cwt; aged 150-155 lbs 50.00-53.00 cwt.
  So Dakota:    young 158 lbs 95.00 cwt; solid mouth 125-195 lbs 60.00-
                70.00 cwt; aged 180 lbs 52.00 cwt.
  Kalona, IA:   no test.
  Missouri:     no test.
  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 37,000 compared with 39,000 last week and 39,000 last year.

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