National Wool Review
May 17
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 59 at 1893 cents 
per Kg clean from the sale a week ago.  A total of 33,153 bales were offered 
with sales of 78.3 percent.  The Australian exchange rate was stronger by .0058 
at .6916 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               7.47            - .21         5.60-6.35
  19      70-80s            7.13            - .24         5.35-6.06 
  20      64-70s            7.02            - .26         5.26-5.96
  21      64s               7.05            - .21         5.29-5.99
  22      62s               6.98            - .24         5.23-5.93  
  23      60-62s            ----            -----         ---------
  24      60s               ----            -----         ---------
  25      58s               ----            -----         --------- 
  26      56-58s            4.65            - .32         3.49-3.95
  28      54s               3.85            - .49         2.89-3.27
  30      50s               3.23            - .10         2.42-2.74
  32      46-48s            2.11            - .13         1.59-1.80
  Merino Clippings          3.44            - .16         2.58-2.92

Eastern Market Indicator was down 59 at 1893 cents per kg clean. Australian 
exchange rate was stronger by .0058 at .6916 percent of the U.S. dollar.
National Sheep Summary
May 17
Compared to last week slaughter lambs were mostly
5.00-15.00 lower.  Slaughter ewes were steady to 10.00 lower.  Feeder
lambs were not well tested.  At San Angelo, TX 5971 head sold.  No sales
in Equity Electronic Auction.  In direct trading slaughter ewes and feeder
lambs were not tested.  6200 head of negotiated sales of slaughter lambs
were 2.00 lower.  2,523 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 110-145 lbs 136.00-150.00.
  VA:             no test.
  PA:             shorn and wooled 90-100 lbs 225.00-250.00, 100-145 lbs
                  215.00-265.00, 155-165 lbs 187.00-195.00; hair lambs 90-
                  100 lbs 215.00-225.00, 100-125 lbs 197.00-235.00.
  Ft.Collins, CO: shorn and wooled 110-135 lbs 150.00-190.00.
  South Dakota:   shorn and wooled 125-140 lbs 168.00-171.00; 150 lbs
                  174.00.
  Kalona, IA:     wooled 129 lbs 172.50.
  Billings, MT:   no test.
  Missouri:       shorn and wooled 100-120 lbs 135.00-140.00.
  Equity Elec:    no sales.
Slaughter Lambs:  Choice and Prime 1-2:
  San Angelo:     hair lambs 40-60 lbs 208.00-226.00; 60-70 lbs 182.00-
                  200.00, few 210.00-214.00; 70-80 lbs 170.00-188.00,
                  few 190.00; 80-90 lbs 158.00-160.00, few 174.00; 90-100
                  lbs 148.00-155.00. wooled 70-80 lbs 172.00-180.00; 109
                  lbs 158.00.
  Pennsylvania:   shorn and wooled 40-50 lbs 225.00-260.00, few 265.00-
                  280.00; 50-60 lbs 227.00-262.00, few 265.00-275.00; 60-
                  70 lbs 215.00-245.00; 70-80 lbs 215.00-245.00; 80-90
                  lbs 200.00-235.00. hair lambs 40-50 lbs 232.00-245.00;
                  50-60 lbs 225.00-240.00; 60-70 lbs 220.00-245.00; 70-80
                  lbs 217.00-230.00, few 245.00-255.00; 80-90 lbs 200.00-
                  225.00, few 240.00-245.00.
  Kalona, IA:     wooled 40-60 lbs 172.50-196.00; 60-70 lbs 185.00-207.50;
                  70-80 lbs 177.50-187.50; 80-90 lbs 179.00-190.00; 90-110
                  lbs 175.00-186.00. hair lambs 42 lbs 177.50; 50-60 lbs
                  175.00-187.50; 85 lbs 185.00.
  Ft. Collins:    shorn and wooled 75-85 lbs 187.50-195.00; 90-100 lbs
                  180.00-192.50.
  Missouri:       shorn and wooled 70-80 lbs 165.00-172.50. hair lambs 44
                  lbs 210.00; 70 lbs 190.00; 80-90 lbs 165.00.
  Virginia:       no test.
  South Dakota:   shorn and wooled 60-80 lbs 176.00-184.00; 80-90 lbs
                  181.00-186.00; 100-105 lbs 163.00-184.00.
  Billings, MT:   no test.
Direct Trading:   (lambs fob with 3-4 percent shrink or equivalent)
            6200: Slaughter Lambs shorn and wooled 127-187 lbs 135.00-
                  165.00 (wtd avg 155.58).
Slaughter Ewes:
  San Angelo:   Good 3-4 (very fleshy) no test; Good 2-3 (fleshy) 58.00-
                70.00; Utility and Good 1-3 (medium flesh) 64.00-72.00,
                hair ewes 76.00; Utility 1-2 (thin) 58.00-70.00; Cull
                and Utility 1-2 (very thin) 52.00-56.00; Cull 1 (extremely
                thin) 30.00-40.00.
  Pennsylvania: Good 3-4 (very fleshy) 65.00; Good 2-3 (fleshy) 70.00-
                110.00, hair ewes 70.00-125.00; Utility 1-2 (thin) 50.00-
                82, hair ewes 55.00-80.00; Cull 1 no test.
  Ft. Collins:  Good 3-5 (very fleshy) 65.00-77.50; Good 2-3 (fleshy)
                65.00-77.50; Utility 1-2 (thin) 33.00-46.00; 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) 65.00-70.00; Good 2-3 (fleshy)
                60.00-72.00; Utility 1-2 (thin) 39.00-50.00; Cull 1
                25.00-37.00.
  Missouri:     Good 2-3 (fleshy) hair ewes 40.00-55.00; Utility and Good
                1-3 (medium flesh) hair ewes 50.00.
  Kalona:       Good 3-4 (very fleshy) no test; Good 2-3 (fleshy)
                56.00-68.00; Utility and Good 1-3 (medium flesh) 56.00-
                64.00; Utility 1-2 (thin) 42.50-57.00; Cull and Utility
                1-2 (very thin) no test; Cull 1 no test.
Feeder Lambs:   Medium and Large 1-2:
  San Angelo:   no test.
  Virginia:     no test.
  Ft. Collins:  35-40 lbs 170.00-187.00; 40-50 lbs 165.00-175.00; 50-60
                lbs 167.50-177.50; 72 lbs 177.50.
  Billings:     no test.
  Kalona:       30-40 lbs 195.00-207.50.
  So. Dakota:   80-90 lbs 177.00-192.00.
  Missouri:     50-60 lbs 155.00-185.00.
Replacement Ewes:  Medium and Large 1-2:
  San Angelo:   mixed age hair ewes 80-135 lbs 84.00-134.00 cwt.
  Ft. Collins:  ewes with lambs 120.00-225.00 per family.
  Billings:     no test.
  So Dakota:    solid mouth 150-185 lbs 66.00-67.00 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 41,000 compared with 38,000 last week and 44,000 last year.

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