National Wool Review
May 31
Domestic wool trading on a clean basis was active this week.  There were 421,013 
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            None            None
19        70-80s            None            None            None 
20        64-70s            None            None            None 
21        64s               None            5.21*           None 
22        62s               None            5.20*           None 
23        60-62s            4.38*           4.87*           None 
24        60s               None            4.39*           None 
25        58s               None            3.56*           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 active this week. There were 371,781 
lbs of confirmed trades reported.  All trades reported on a weighted average.

   Fleece States Ewe Wool:  65-70mm 21 micron 2.79.
   Territory States Ewe Wool:  55-60mm 19 micron 2.24; 60-65mm 20 micron 2.32; 
65-70mm 21 micron 2.79; 60-70mm 22 micron 2.35; 60-70mm 23 micron 2.10; 55-65mm 
24 micron 1.60; 55-65mm 25 micron 1.34.
   Territory States Yearling Wool:  60-65mm 18 micron 3.34; 60-70mm 20 micron 
2.89; 55-65mm 21 micron 2.56.
   Territory States Bellies:  45-55mm 23 micron 0.82.
   Territory States Pieces:  45-50mm 22 micron 0.68.

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 54 at 1887 cents 
per Kg clean from the sale a week ago.  A total of 28,273 bales were offered 
with sales of 91.6 percent.  The Australian exchange rate was weaker by .0048 
at .6925 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               7.44            + .18         5.58-6.33
  19      70-80s            7.12            + .25         5.34-6.05 
  20      64-70s            7.08            + .23         5.31-6.02
  21      64s               7.10            + .30         5.33-6.04
  22      62s               7.00            + .20         5.25-5.95  
  23      60-62s            6.52            + .11         4.91-5.56
  24      60s               ----            -----         ---------
  25      58s               ----            -----         --------- 
  26      56-58s            ----            -----         ---------
  28      54s               3.68            + .19         2.76-3.13
  30      50s               3.09            + .17         2.32-2.62
  32      46-48s            2.09            + .15         1.57-1.78
  Merino Clippings          3.42            + .06         2.56-2.91

Eastern Market Indicator was up 54 at 1887 cents per kg clean. Australian 
exchange rate was weaker by .0048 at .6925 percent of the U.S. dollar.
National Sheep Summary
May 31
Compared to last week slaughter lambs were very uneven,
mostly steady to sharply higher, except at San Angelo, TX where lambs
under 70 lbs were weak to 5.00 lower and heavier weights 10.00-15.00
lower.  Slaughter ewes were steady to 5.00 higher.  Feeder lambs were not
well tested.  At San Angelo, TX 7093 head sold.  No sales in Equity
Electronic Auction.  In direct trading slaughter ewes and feeder lambs
were not tested.  6,000 head of negotiated sales of slaughter lambs were
2.00 higher.  2,322 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 110-125 lbs 124.00-138.00.
  VA:             no test.
  PA:             wooled and shorn 90-100 lbs no report.
  Ft.Collins, CO: wooled 100-130 lbs 175.00-185.00.
  South Dakota:   wooled and shorn 115-140 lbs 160.00-172.50.
  Kalona, IA:     wooled 120-150 lbs 165.00-170.00.
  Billings, MT:   no test.
  Missouri:       no test.
  Equity Elec:    no sales.
Slaughter Lambs:  Choice and Prime 1-2:
  San Angelo:     hair lambs 40-60 lbs 180.00-202.00, few 208.00; 60-70
                  lbs 158.00-186.00, few 192.00; 70-80 lbs 150.00-160.00,
                  few 164.00; 80-90 lbs 130.00-150.00; 90-110 lbs 129.00-
                  140.00. wooled and shorn 59 lbs 180.00; 60-70 lbs
                  162.00-128.00; 70-80 lbs 152.00-156.00; 80-90 lbs
                  150.00-160.00; 90-105 lbs 140.00-142.00.
  Pennsylvania:   no report.
  Kalona, IA:     wooled and shorn 57 lbs 182.00; 60-80 lbs 167.00-
                  180.00; 80-90 lbs 170.00-175.00; 90-105 lbs 169.00-
                  179.00. hair lambs 60-70 lbs 168.00-176.00; 78 lbs
                  161.00.
  Ft. Collins:    wooled and shorn 60-75 lbs 200.00-205.00; 70-90 lbs
                  205.00-230.00; 90-100 lbs 197.50-220.00. hair lambs
                  70-90 lbs 195.00-220.00; 90-100 lbs 205.00-217.50.
  Missouri:       hair lambs 60-70 lbs 140.00-156.00; 70-80 lbs 154.00-
                  160.00; 90-100 lbs  144.00-151.00.
  Virginia:       no test.
  South Dakota:   wooled and shorn 59 lbs 190.00; 70-80 lbs 170.00-
                  177.50; 80-90 lbs 180.00-187.50; 97 lbs 190.00; 101
                  lbs 186.00.
  Billings, MT:   no test.
Direct Trading:   (lambs fob with 3-4 percent shrink or equivalent)
            6000: Slaughter Lambs shorn and wooled 120-184 lbs 140.00-
                  176.00 (wtd avg 157.80).
Slaughter Ewes:
  San Angelo:   Good 3-4 (very fleshy) no test; Good 2-3 (fleshy) 65.00-
                72.00; Utility and Good 1-3 (medium flesh) 68.00-78.00,
                hair ewes 72.00-86.00; Utility 1-2 (thin) 60.00-74.00;
                Cull and Utility 1-2 (very thin) 46.00-56.00; Cull 1
                (extremely thin) 20.00-40.00.
  Pennsylvania: Good 3-4 (very fleshy) no report; Good 2-3 (fleshy)
                no report; Utility 1-2 (thin) no report; Cull 1
                no report.
  Virginia:     Good 2-4 no test.
  Ft. Collins:  Good 3-5 (very fleshy) 72.50-80.00; Good 2-3 (fleshy)
                64.00-82.50; Utility 1-2 (thin) 31.00-37.50; 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) 39.00-82.50; Good 2-3 (fleshy)
                40.00-67.50; Utility 1-2 (thin) 41.00-50.00; Cull 1
                20.00-42.00.
  Missouri:     Good 2-3 60.00-91.00; Utility and Good 1-3 41.00-60.00.
  Kalona:       Good 3-4 (very fleshy) no test; Good 2-3 (fleshy)
                51.00-81.00; Utility and Good 1-3 (medium flesh) 46.00-
                57.50; Utility 1-2 (thin) no test.
Feeder Lambs:   Medium and Large 1-2:
  San Angelo:   59 lbs 180.00; 70-80 lbs 162.00-180.00; 80-90 lbs 160.00-
                162.00; 90-100 lbs 151.00-188.00; 101 lbs 158.00.
  Virginia:     no test.
  Ft. Collins:  no test.
  Billings:     no test.
  Kalona:       30-40 lbs 202.50-210.00; 40-50 lbs 180.00-210.00; 50-60
                lbs 180.00-192.50.
  So. Dakota:   40-50 lbs 205.00-210.00; 59 lbs 175.50; 63 lbs 165.50;
                70-80 lbs 183.00-186.00; 81 lbs 170.00; 90-100 lbs
                186.00.
  Missouri:     30-40 lbs 160.00-176.50; 40-50 lbs 151.00-156.00; 50-60
                lbs 158.00-162.50.
Replacement Ewes:  Medium and Large 1-2:
  San Angelo:   hair ewe lambs 80-95 lbs 158.00 cwt; mixed age hair ewes
                80-135 lbs 88.00-124.00 cwt.
  Ft. Collins:  ewes with lambs 225.00 per family.
  Billings:     no test.
  So Dakota:    young 135-140 lbs 77.00-79.00 cwt; mixed age 105.00 per
                head.
  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 34,000 compared with 44,000 last week and 33,000 last year.

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