National Wool Review
May 3
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 17 at 1960 cents 
per Kg clean from the sale a week ago.  A total of 43,053 bales were offered 
with sales of 93.6 percent.  The Australian exchange rate was stronger by .0172 
at .7021 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               7.79            - .12         5.84-6.62
  19      70-80s            7.49            - .14         5.62-6.37 
  20      64-70s            7.39            - .13         5.55-6.28
  21      64s               7.36            - .09         5.52-6.25
  22      62s               7.28            - .11         5.46-6.19  
  23      60-62s            ----            -----         ---------
  24      60s               ----            -----         ---------
  25      58s               ----            -----         --------- 
  26      56-58s            4.97            + .02         3.73-4.22
  28      54s               4.31            + .06         3.23-3.66
  30      50s               3.35            + .02         2.51-2.85
  32      46-48s            2.25            - .05         1.69-1.91
  Merino Clippings          3.62            - .05         2.71-3.07

Eastern Market Indicator was up 17 at 1960 cents per kg clean. Australian 
exchange rate was stronger by .0172 at .7021 percent of the U.S. dollar.
National Sheep Summary
May 3
Weekly Trends:  Compared to last week slaughter lambs were firm to
sharply higher.  Slaughter ewes were steady to 14.00 higher.  Feeder
lambs were not well tested.  At San Angelo, TX 3694 head sold.  No sales
in Equity Electronic Auction.  In direct trading slaughter ewes and feeder
lambs were not tested.  5900 head of negotiated sales of slaughter lambs
were steady.  3,270 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 110-180 lbs 120.00-132.00, few 140.00.
  VA:             wooled 110-125 lbs 190.00-207.50.
  PA:             shorn and wooled 90-100 lbs 225.00-245.00; 100-150 lbs
                  210.00-250.00, few 265.00; 150 lbs 200.00.
  Ft.Collins, CO: wooled 140 lbs 160.00.
  South Dakota:   shorn and wooled 100-105 lbs 160.00-172.00; 115-130 lbs
                  160.00-171.00; 130-145 lbs 163.00-169.00.
  Kalona, IA:     wooled 112 lbs 187.50.
  Billings, MT:   no test.
  Missouri:       no test.
  Equity Elec:    no sales.
Slaughter Lambs:  Choice and Prime 1-2:
  San Angelo:     40-60 lbs 200.00-224.00, few 230.00-232.00; 60-70 lbs
                  180.00-202.00, few 204.00-218.00; 70-80 lbs 170.00-
                  192.00, few 200.00-204.00; 80-90 lbs 150.00-176.00, few
                  182.00-184.00; 90-110 lbs 148.00-164.00.
  Pennsylvania:   30-40 lbs 240.00-245.00, few 270.00-315.00; 40-50 lbs
                  245.00-290.00, few 290.00-315.00; 50-60 lbs 250.00-
                  285.00, few 295.00-330.00; 60-70 lbs 220.00-255.00, few
                  265.00; 70-80 lbs 210.00-248.00, few 250.00-255.00; 80-
                  90 lbs 190.00-237.00.
  Kalona, IA:     30-60 lbs 187.50-250.00; 60-70 lbs 187.50-222.50; 70-80
                  lbs 192.00-217.50; 80-90 lbs 195.00-210.00; 90-105 lbs
                  192.50-200.00.
  Ft. Collins:    45-50 lbs 202.50-205.00; 60-80 lbs 200.00-212.50; 90-
                  105 lbs 190.00-215.00.
  Missouri:       50-70 lbs 170.00-190.00; 75 lbs 170.00.
  Virginia:       30-60 lbs 200.00-232.50; 60-80 lbs 202.00-232.50; 80-
                  110 lbs 190.00-207.50.
  South Dakota:   98 lbs 169.00.
  Billings, MT:   no test.
Direct Trading:   (lambs fob with 3-4 percent shrink or equivalent)
            5900: Slaughter Lambs shorn and wooled 117-183 lbs 135.00-
                  160.00 (wtd avg 152.80).
Slaughter Ewes:
  San Angelo:   Good 3-4 (very fleshy) no test; Good 2-3 (fleshy) 55.00-
                72.00; Utility and Good 1-3 (medium flesh) 72.00-81.00;
                Utility 1-2 (thin) 59.00-72.00; Cull and Utility 1-2 (very
                thin) 50.00-60.00; Cull 1 (extremely thin) 38.00-50.00.
  Pennsylvania: Good 3-4 (very fleshy) no test; Good 2-3 (fleshy)
                70.00-110.00; Utility 1-2 (thin) 50.00-95.00; Cull 1
                no test.
  Ft. Collins:  Good 3-5 (very fleshy) 65.00-77.50; Good 2-3 (fleshy)
                70.00-80.00; Utility 1-2 (thin) 45.00-47.50; 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) 57.00-69.00; Good 2-3 (fleshy)
                51.00-66.00; Utility 1-2 (thin) 43.00-60.00; Cull 1
                10.00-25.00.
  Missouri:     Good 2-3 (fleshy) 70.00-105.00; Utility and Good 1-3
                (medium flesh) 40.00-70.00.
  Virginia:     Good 2-4 80.00-110.00; Utility 1-2 115.00; Cull 1 67.00-
                77.50.
  Kalona:       Good 3-4 (very fleshy) no test; Good 2-3 (fleshy)
                47.50-67.00; Utility and Good 1-3 (medium flesh) 46.00-
                70.00; Utility 1-2 (thin) 40.00-59.00; 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:  58 lbs 177.50; 78 lbs 177.50.
  Billings:     no test.
  Kalona:       no test.
  So Dakota:    49 lbs 192.50; 50-60 lbs 161.00-186.00; 61 lbs 185.00.
  Missouri:     30-50 lbs 150.00-157.50.
Replacement Ewes:  Medium and Large 1-2:
  San Angelo:   mixed age hair ewes 80-130 lbs 86.00-116.00 cwt; hair
                ewes and lambs 64.00-86.00 per head.
  Ft. Collins:  no test.
  Billings:     no test.
  So Dakota:    no test.
  Kalona, IA:   no test.
  Missouri:     hair ewes 100-120 lbs 110.00-117.50 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 41,000 compared with 414,000 last week and 37,000 last year.

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