National Wool Review
July 12
Domestic wool trading on a clean basis was inactive 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 up 31 at 1754 cents 
per Kg clean from the sale a week ago.  A total of 34,080 bales were offered 
with sales of 93.7 percent.  The Australian exchange rate was stronger by .0071 
at .6966 percent of the U.S. dollar.  Australian wool prices are quoted US 
Dollar per pound, 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               6.88            + .02         5.16-5.85
  19      70-80s            6.62            - .03         4.97-5.63 
  20      64-70s            6.59            - .02         4.95-5.61
  21      64s               6.59            - .01         4.94-5.60
  22      62s               6.58            -----         4.93-5.59  
  23      60-62s            ----            -----         ---------
  24      60s               ----            -----         ---------
  25      58s               ----            -----         --------- 
  26      56-58s            4.49            + .14         3.37-3.82
  28      54s               3.47            - .00         2.60-2.94
  30      50s               2.87            + .05         2.15-2.44
  32      46-48s            2.01            - .02         1.51-1.71
  Merino Clippings          3.31            + .10         2.48-2.81

Eastern Market Indicator was up 31 at 1754 cents per kg clean. Australian 
exchange rate was stronger by .0071 at .6966 percent of the U.S. dollar.

Australia will be starting their annual three-week summer recess next week.  
The next available data will be Friday, Aug. 9. 
National Sheep Summary
July 12
Weekly Trends:  Compared to last week slaughter lambs were 10.00-30.00
higher.  Slaughter ewes were steady to 10.00 higher.  Feeder lambs not
well tested.  At San Angelo, TX 7694 head sold.  Equity Electronic Auction
sold 330 slaughter lambs in Wyoming.  In direct trading slaughter ewes and
feeder lambs were not tested.  6500 head of negotiated sales of slaughter
lambs were 6.00 higher.  1,620 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 110-140 lbs 124.00-136.00.
  VA:             no test.
  PA:             wooled and shorn 100-135 lbs 192.00-250.00.
  Ft.Collins, CO: no test.
  South Dakota:   wooled and shorn 105-150 lbs 145.00-155.50.
  Kalona, IA:     wooled and shorn 120-140 lbs 145.00-151.00; 150-155
                  lbs 140.00-142.00.
  Billings, MT:   no test.
  Missouri:       wooled and shorn 100-130 lbs 135.00-146.00.
  Equity Elec:    155 lbs 141.25.
Slaughter Lambs:  Choice and Prime 1-2:
  San Angelo:     hair lambs 40-60 lbs 190.00-218.00, few 220.00-231.00;
                  60-70 lbs 170.00-198.00, few 202.00-208.00; 70-80 lbs
                  160.00-186.00, few 192.00; 80-90 lbs 146.00-174.00;
                  90-110 lbs 138.00-146.00. wooled and shorn 40-60 lbs
                  188.00-200.00; 60-70 lbs 176.00-194.00; 70-80 lbs
                  168.00-170.00; 80-90 lbs 152.00-176.00; 93 lbs 140.00.
  Pennsylvania:   wooled and shorn 40-50 lbs 230.00-250.00; 50-60 lbs
                  220.00-245.00; 60-70 lbs 205.00-235.00, few 235.00-
                  267.00; 70-80 lbs 210.00-230.00, few 230.00-255.00; 80-
                  90 lbs 195.00-235.00. hair lambs 40-50 lbs 215.00-
                  230.00; 50-60 lbs 210.00-225.00; 60-70 lbs 200.00-
                  235.00; 70-80 lbs 195.00-205.00; 80-90 lbs 190.00-
                  210.00; 90-110 lbs 200.00-215.00.
  Kalona, IA:     wooled and shorn 50-60 lbs 161.00-170.00; 60-70 lbs
                  152.50-160.00; 70-80 lbs 142.50-155.00; 80-90 lbs
                  142.50-147.00. hair lambs 60-65 lbs 149.00-150.00; 72
                  lbs 157.00; 86 lbs 145.00.
  Ft. Collins:    no test.
  Missouri:       wooled and shorn 50-60 lbs 182.50-202.50; 60-70 lbs
                  180.00-187.50; 70-80 lbs 172.50-185.00; 80-100 lbs
                  145.00-156.00. hair lambs 45-55 lbs 165.00; 60-70 lbs
                  160.00-175.00, few 207.00.
  Virginia:       30-60 lbs 125.00-150.00; 60-90 lbs 155.00-172.50; 90-
                  110 lbs 165.00-180.00.
  South Dakota:   wooled and shorn 70-90 lbs 155.00-169.00; 90-100 lbs
                  155.00-156.00.
  Billings, MT:   no test.
Direct Trading:   (lambs fob with 3-4 percent shrink or equivalent)
            6500: Slaughter Lambs shorn and wooled 119-182 lbs 140.00-
                  180.00 (wtd avg 160.86).
Slaughter Ewes:
  San Angelo:   Good 3-4 (very fleshy) no test; Good 2-3 (fleshy)
                47.00-60.00, hair 57.00-66.00; Utility and Good 1-3
                (medium flesh) 67.00-80.00; Utility 1-2 (thin) 51.00-
                64.00, hair 55.00-66.00; Cull and Utility 1-2 (very thin)
                40.00-50.00; Cull 1 (extremely thin) 10.00-40.00.
  Pennsylvania: Good 3-4 (very fleshy) no test; Good 2-3 (fleshy)
                60.00-105.00, hair 80.00-110.00; Utility 1-2 (thin) 50.00-
                75.00; Cull 1 no test.
  Virginia:     Good 2-4 76.00-95.00.
  Ft. Collins:  Good 3-5 (very fleshy) no test; Good 2-3 (fleshy)
                no test; Utility 1-2 (thin) no test; 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) 46.00-73.00; Good 2-3 (fleshy)
                49.00-62.00; Utility 1-2 (thin) 38.00-49.00; Cull 1
                26.00-32.00.
  Missouri:     Good 2-3 50.00-70.00, hair 72.50-95.00; Utility and Good
                1-3 40.00-55.00.
  Kalona:       Good 3-4 (very fleshy) no test; Good 2-3 (fleshy)
                57.50-70.00; Utility and Good 1-3 (medium flesh) 52.50-
                67.50; Utility 1-2 (thin) 43.00-54.00; Cull and Utility
                1-2 23.00-27.50; Cull 1 3.00-5.00.
Feeder Lambs:   Medium and Large 1-2:
  San Angelo:   60-70 lbs 186.00-190.00; 70-80 lbs 162.00-180.00; 92 lbs
                156.00.
  Virginia:     no test.
  Ft. Collins:  no test.
  Billings:     no test.
  Kalona:       36 lbs 162.50; 40-45 lbs 170.00-187.50.
  So. Dakota:   35-50 lbs 160.00; 50-60 lbs 173.00; 60-70 lbs 148.00-
                150.00; 70-80 lbs 146.00-153.00; 80-90 lbs 144.00-150.00,
                few 170.00; 90-100 lbs 145.00-152.50; 100-110 lbs 141.00-
                150.50.
  Missouri:     50-55 lbs 162.50-165.00.
Replacement Ewes:  Medium and Large 1-2:
  San Angelo:   hair ewe lambs 80-95 lbs 162.00-178.00 cwt; mixed age
                hair ewes 80-140 lbs 82.00-112.00 cwt, few 136.00 cwt.
  Ft. Collins:  no test.
  Billings:     no test.
  So Dakota:    yearling 130.00 per head; young 155 lbs 79.00 cwt.
  Kalona, IA:   no test.
  Missouri:     young hair ewes 130-155 lbs 115.00-135.00 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 39,000 compared with 27,000 last week and 37,000 last year.

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