National Wool Review
June 14
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 down 41 at 1823 cents 
per Kg clean from the sale a week ago.  A total of 28,140 bales were offered 
with sales of 78.7 percent.  The Australian exchange rate was stronger by .0059 
at .6912 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               7.10            - .28         5.32-6.03
  19      70-80s            6.87            - .21         5.15-5.84 
  20      64-70s            6.82            - .23         5.11-5.79
  21      64s               6.80            - .24         5.10-5.78
  22      62s               6.79            - .18         5.09-5.77  
  23      60-62s            ----            -----         ---------
  24      60s               ----            -----         ---------
  25      58s               ----            -----         --------- 
  26      56-58s            ----            -----         ---------
  28      54s               3.60            - .09         2.69-3.05
  30      50s               3.02            - .10         2.26-2.56
  32      46-48s            2.09            - .01         1.57-1.77
  Merino Clippings          3.24            - .09         2.43-2.76

Eastern Market Indicator was down 41 at 1823 cents per kg clean. Australian 
exchange rate was stronger by .0059 at .6912 percent of the U.S. dollar.
National Sheep Summary
June 14
Compared to last week slaughter lambs were very uneven,
mostly 5.00-20.00 lower, however at Ft. Collins, Sioux Falls and lambs
over 70 lbs at San Angelo steady to 10.00 higher.  Slaughter ewes were
steady to 10.00 lower, instances 20.00 lower.  No comparison on feeder
lambs, but a lower undertone prevailed.  At San Angelo, TX 9166 head sold.
No sales in Equity Electronic Auction.  In direct trading slaughter ewes
and feeder lambs were not tested.  4600 head of negotiated sales of
slaughter lambs were 6.00 lower.  2,330 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:     110-130 lbs 120.00-130.00.
  VA:             no test.
  PA:             wooled and shorn 100-145 lbs 190.00-217.00, few 222.00-
                  225.00; 150-155 lbs 175.00-182.00.
  Ft.Collins, CO: wooled 110-135 lbs 144.00-165.00.
  South Dakota:   wooled and shorn 120-150 lbs 155.00-161.50.
  Kalona, IA:     wooled 131 lbs 161.00.
  Billings, MT:   no test.
  Missouri:       100-130 lbs 130.00-143.00.
  Equity Elec:    no sales.
Slaughter Lambs:  Choice and Prime 1-2:
  San Angelo:     hair lambs 40-60 lbs 150.00-166.00; 60-70 lbs 130.00-
                  150.00, few 158.00-160.00; 70-80 lbs 134.00-1540.00;
                  80-90 lbs 128.00-144.00; 90-110 lbs 120.00-138.00, few
                  142.00-144.00. wooled and shorn  50-60 lbs 150.00-
                  166.00; 60-70 lbs 134.00-148.00; 70-80 lbs 138.00-
                  140.00; 90-100 lbs 134.00-144.00.
  Pennsylvania:   wooled and shorn 40-50 lbs 175.00-180.00, few 215.00;
                  50-60 lbs 170.00-200.00, few 210.00-230.00; 60-70 lbs
                  170.00-200.00; 70-80 lbs 177.00-190.00, few 190.00-
                  207.00; 80-90 lbs 176.00-200.00. hair lambs 40-50 lbs
                  167.00-172.00; 50-90 lbs 162.00-190.00; 90-100 lbs
                  177.00-195.00.
  Kalona, IA:     wooled and shorn 40-70 lbs 160.00-167.50; 80 lbs
                  157.50; 95 lbs 152.50. hair lambs 40-60 lbs 150.00-
                  160.00; 60-70 lbs 160.00-161.00; 75 lbs 159.00.
  Ft. Collins:    wooled and shorn 70-90 lbs 170.00-177.50. hair lambs
                  60-90 lbs 175.00-182.50; 90-100 lbs 167.50-170.00.
  Missouri:       hair lambs 40-50 lbs 130.00-147.50; 50-70 lbs 140.00-
                  152.50; 70-80 lbs 131.00-142.50; 80-90 lbs 126.00-
                  127.50. wooled and shorn 47 lbs 148.00; 50-70 lbs
                  140.00-150.00; 70-80 lbs 131.00-155.00; 80-100 lbs
                  130.00-147.00.
  Virginia:       60-80 lbs 145.00-160.00; 80-110 lbs 140.00-150.00.
  South Dakota:   wooled and shorn 80-90 lbs 158.00-161.00.
  Billings, MT:   no test.
Direct Trading:   (lambs fob with 3-4 percent shrink or equivalent)
            4600: Slaughter Lambs shorn and wooled 125-178 lbs 138.00-
                  176.00 (wtd avg 157.53).
Slaughter Ewes:
  San Angelo:   Good 3-4 (very fleshy) 45.00-51.00; Good 2-3 (fleshy)
                50.00-61.00; Utility and Good 1-3 (medium flesh) 60.00-
                72.00; Utility 1-2 (thin) 50.00-62.00; Cull and Utility
                1-2 (very thin) 40.00-51.00; Cull 1 (extremely thin)
                30.00-41.00.
  Pennsylvania: Good 3-4 (very fleshy) no test; Good 2-3 (fleshy)
                60.00-97.00; Utility 1-2 (thin) 37.00-70.00; Cull 1
                no test.
  Virginia:     Good 2-4 60.00-70.00.
  Ft. Collins:  Good 3-5 (very fleshy) 53.00-68.00; Good 2-3 (fleshy)
                56.00-69.00; Utility 1-2 (thin) 30.00-40.00; 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) 62.00-70.00; Good 2-3 (fleshy)
                46.00-62.50; Utility 1-2 (thin) 41.00-49.00; Cull 1
                28.00.
  Missouri:     Utility and Good 1-3 35.00-52.50; Utility 1-2 30.00-
                40.00; Cull and Utility 1-2 25.00-30.00; Cull 1 10.00-
                23.00.
  Kalona:       Good 3-4 (very fleshy) no test; Good 2-3 (fleshy)
                57.00-62.50, hair 67.00-87.50; Utility and Good 1-3
                (medium flesh) 52.50-62.50, hair 60.00-69.00; Utility 1-2
                (thin) 51.00-59.00.
Feeder Lambs:   Medium and Large 1-2:
  San Angelo:   72 lbs 164.00; 80-90 lbs 156.00-161.00; 90-100 lbs
                148.00-152.00.
  Virginia:     no test.
  Ft. Collins:  40-50 lbs 155.00-165.00; 60-70 lbs 150.00-165.00.
  Billings:     no test.
  Kalona:       45 lbs 172.50; 67 lbs 156.00.
  So. Dakota:   30-40 lbs 165.00-175.00; 47 lbs 165.00; 50 lbs 156.00;
                60-70 lbs 165.00-174.00; 70-80 lbs 152.50-157.00; 87 lbs
                168.00.
  Missouri:     25 lbs 145.00; 36 lbs 130.00; 50-60 lbs 127.50-135.00.
Replacement Ewes:  Medium and Large 1-2:
  San Angelo:   ewe lambs 70-90 lbs 161.00-164.00 cwt; yearlings 135.00
                per head; solid mouth 121 lbs 80.00 cwt; hair ewe lambs
                80-100 lbs 138.00-158.00 cwt; mixed age hair ewes 80-140
                lbs 86.00-122.00 cwt.
  Ft. Collins:  no test.
  Billings:     no test.
  So Dakota:    young 110-125 lbs 72.50-77.50 cwt.
  Kalona, IA:   no test.
  Missouri:     ewes with lambs 135.00 per family.
  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 42,000 last week and 41,000 last year.

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