USDA WEEKLY NATIONAL LAMB MARKET SUMMARY Livestock, Meat, Wool, Pelt, & International Markets Friday, March 27, 2015 Replacement Ewes: Medium and Large 1-2: So Dakota: bred yearlings 230.00-255.00 per head, few 270.00 per head; baby tooth 195 lbs 107.50 cwt; bred solid to broken mouth 180.00-215.00, others 105-205 lbs 51.00-62.50 cwt, thin 135-150 lbs 46.00-50.00 cwt. Missouri: wooled 80-130 lbs 112.50-150.00 cwt, shorn 75.00-80.00 per head; bred hair ewes 185.00 per head; other hair ewes 150 lbs 145.00 cwt; young hair ewes with lambs 205.00210.00 per family, thin ewes with lambs 140.00-165.00 per family. NATIONAL SHEEP SUMMARY Weekly Trends: Compared to last week light slaughter lambs were 10.00-50.00 lower; heavy slaughter lambs were steady to 5.00 lower. Slaughter ewes were uneven, mostly steady to 5.00 lower. Feeder lambs were 5.00-20.00 lower. At San Angelo, TX 2546 head sold in a weather shortened sale. Equity Electronic Auction sold 375 slaughter lambs in Oregon. In direct trading slaughter ewes and feeder lambs were not tested. 5100 head of negotiated sales of slaughter lambs were steady to 3.00 lower. 11,600 head of formula sales under 65 lbs were not well tested; 65-75 lbs were 10.00 to 12.00 lower; 75-85 lbs were 5.00 to 8.00 higher; 85-95 lbs were steady to 1.00 lower; over 95 lbs were 5.00 to 7.00 lower. 6,711 lamb carcasses sold with 45 lbs and down 28.32 lower; 4565 lbs 3.61 to 4.85 higher; 65-75 lbs 0.23 higher; and 75 lbs and heavier 0.23 to 0.63 lower. 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 110-145 lbs 130.00-139.00; 150-185 lbs 122.00-129.00. VA: wooled 90-110 lbs 170.00-217.00; 110-130 lbs 120.00180.00; 130-160 lbs 172.50. PA: shorn and wooled 110-130 lbs 222.00-230.00. Kalona, IA: wooled 120-125 lbs 144.00-155.00. South Dakota: shorn and wooled 120-140 lbs 137.00-143.50; 151 lbs 136.50; 168 lbs 129.50; 170-190 lbs 114.50-118.00. Equity Elec: shorn 135 lbs 125.00. Choice and Prime 1: 30-40 lbs 220.00-232.00; 40-60 lbs 216.00-226.00; 6070 lbs 200.00-214.00; 70-80 lbs 195.00-206.00; 80-90 lbs 190.00-200.00; 90-105 lbs 160.00-190.00. Pennsylvania: 40-60 lbs 282.00-335.00; 60-70 lbs 260.00-280.00; 8090 lbs 227.00-232.00; 90-110 lbs 222.00-230.00. Kalona, IA: 40-60 lbs 200.00-255.00; 60-70 lbs 190.00-205.00; 8090 lbs 170.00-195.50. Ft. Collins: 40-70 lbs 210.00-220.00, few 230.00-235.00; 70-90 lbs 200.00-220.00; 90-100 lbs 185.00-195.00. Missouri: 30-40 lbs 210.00-245.00; 40-60 lbs 200.00-265.00; 6070 lbs 190.00-207.50; 70-80 lbs 196.00-200.00; 80-95 lbs 172.00-185.00. Virginia: 30-60 lbs 200.00-240.00; 60-90 lbs 160.00-236.00; 90110 lbs 137.50-220.00. South Dakota: 95-105 lbs 154.00-175.00. Direct Trading: (lambs fob with 3-4 percent shrink or equivalent) 5100: Slaughter Lambs shorn and wooled 128-166 lbs 127.39163.10 (wtd avg 141.99). Slaughter Ewes: San Angelo: Good 2-3 (fleshy) 83.00-85.00; Utility and Good 1-3 (medium flesh) 88.00-100.00, few 106.00-110.00; Utility 1-2 (thin) 80.00-87.00; Cull and Utility 1-2 (very thin) 70.00-72.00; Cull 1 (extremely thin) no test. Pennsylvania: Good 2-3 (fleshy) 112.00-127.00; Utility 1-2 100.00112.00; Cull 1 85.00-102.00. Ft. Collins: Good 3-5 (very fleshy) 80.00-90.00; Good 2-3 (fleshy) 90.00-102.50; Utility 1-2 (thin) 62.50-75.00; Cull 1 (extremely thin) no test. So Dakota: Good 3-4 (very fleshy) 55.00; Good 2-3 (fleshy) 48.00-59.00; Utility 1-2 46.00-59.00; Cull 1 25.00-32.00. Missouri: Utility and Good 1-3 65.00-105.00, few 120.00-135.00; Cull and Utility 1-2 50.00-96.00; Cull 1 40.00-85.00. Virginia: Good 2-4 80.00-110.00; Utility 1-2 65.00-117.50; Cull 1 50.00. Kalona: Good 2-3 80.00-91.00; Utility 1-3 80.00-85.00; Utility 1-2 60.00-95.00; Cull and Utility 1-2 45.00-55.00. Ft. Collins: Kalona: So Dakota: Missouri: Medium and Large 1-2: new crop 45-65 lbs 191.00-202.00; 70-80 lbs 184.00-193.00; 80-85 lbs 174.00-180.00; 93 lbs 175.00. old crop 79 lbs 170.00; 88 lbs 161.00. 78 lbs 186.00; 88 lbs 177.00; 95-105 lbs 162.50-174.00; 110-120 lbs 163.00-164.00. 96 lbs 160.00. 36 lbs 320.00; 40-50 lbs 255.00-290.00; 50-60 lbs 235.00240.00; 60-65 lbs 212.50-250.00; 70-80 lbs 185.00-205.00; 95 lbs 180.00. 20-40 lbs 220.00-260.00. 22 No. 12 HIGHLIGHTS Weighted Avg Prices (Simple Avg noted *) SLAUGHTER LAMBS Choice & Prime 2-3 Shorn & Wooled (130 - 180 pounds) Latest Last Wk Last Yr San Angelo, TX 129.81 131.47 NATIONAL DAILY LAMB CARCASS 164.48 Worthing-Sioux Falls,SD Negotiated sales for delivery within 14 calendar days, FOB Plant basis. 136.71 138.04 160.31 Ft Collins, CO Compared to last week: Carcasses were mixed: Carcasses 45#'s and lighter were 28.32 lower; 45#'s to 65#'s were 3.61 to 4.85 higher; 65#'s to 75#'s were 0.23 higher; and 75#'s and heavier carcasses were 0.23 to 0.63 lower. N/Q N/Q 167.18 SLAUGHTER EWES Good 2-3 & Good 3-4 DAILY CHOICE AND PRIME, YG 1-4 Head 1,055 Weight Head Wt Avg 45-DN 92 494.45 45-55# 10 435.80 55-65# 184 338.23 65-75# 324 323.94 75-85# *Price not reported due to confidentiality* 85-UP *Price not reported due to confidentiality* Slaughter Lambs: San Angelo: Feeder Lambs: San Angelo: VOL. * SAT-FRI Weight 45-DN 45-55# 55-65# 65-75# 75-85# 85-UP CHOICE AND PRIME, Head 188 133 899 1,431 2,329 1,731 YG 1-4 Head Latest Last Wk 83.71 N/Q 54.09 N/Q 95.00 52.00* 81.10 N/Q FEEDER LAMBS Medium-Large 1-2 (90-110 pounds) Latest Last Wk Last Yr San Angelo, TX 175.00 12.70% 7.07% N/Q 169.14 St. Onge, Newell, SD N/Q Week Ending 03/14/2015 Actual FIS Sheep Slaughter 40,513 head. 38,240 Lambs, 94.4% of total sheep slaughtered. 27,497 graded, 71.91% of total lambs slaughtered. -----------------------------------------------------------------------GRADE BREAKDOWN Yield Grade (May include hindsaddles) Quality 1 2 3 4 5 Total Prime 0.05% 1.61% 2.20% 1.63% 1.10% 6.58% Choice 9.17% 35.39% 31.81% 11.07% 5.98% 93.42% 34.01% N/Q Billings, MT USDA NATIONAL LAMB ESTIMATED GRADING PERCENT 36.99% 55.24 St. Onge, Newell, SD * 96.25 H 9.22% 72.78 Ft. Collins, CO 6,711 Wt Avg 520.77 408.83 348.97 323.04 308.41 295.11 *For more information, please visit www.ams.usda.gov/ConfidentialityGuidelines* Total % Last Yr San Angelo, TX 142.00 N/Q Ft. Collins, CO 173.04 185.00 N/Q CARCASS LAMB FOB PLANT *SAT-FRI* WT AVGS Last Week 45#-Dn 45-55# 55-65# 65-75# 75-85# 85#-Up 45#-Dn 45-55# 55-65# 65-75# 75-85# 85#-Up 549.09 403.98 345.36 322.81 308.64 295.74 Last Year 501.21 388.64 334.80 319.61 304.75 291.69 Latest 520.77 408.83 348.97 323.44 308.41 295.36 NATIONAL BOXED LAMB CUTS FOB Plant basis negotiated sales for delivery within 0-21 day period, fresh and frozen carlot volume, including sales since last report, U.S. dollars per 100 pounds. Current Volume Fresh Cuts 1,843,756 pounds Frozen Cuts 273,955 pounds --------------------------------------------------------------------------*Items with no entries indicate non-reportable trades.* FRESH CHOICE & PRIME CUTS # Of Total Weighted Change from IMPS Sub-Primal Trades Pound Average Prior Days --------------------------------------------------------------------------200A Carcass, 3-way, 55/65 5 3,952 $375.75 (6.20) 203 Bracelet 3 1,471 $403.55 0.00 204 Rack, 8-Rib, light 5 3,168 $775.42 (3.47) 204 Rack, 8-Rib, medium 111 24,057 $798.58 2.55 204 Rack, 8-Rib, heavy 7 984 $845.28 3.11 204A Rack, chined 37 9,153 $927.24 27.06 204B Rack, roast-ready 23 5,741 $1,066.03 22.08 204C Rack, roast-ready, frenched 169 41,105 $1,480.56 29.69 204D Rack, roast-ready, special 9 1,564 $1,868.31 (16.43) 206 Shoulders 107 73,208 $272.84 0.87 207 Shoulders, square-cut 206 108,916 $295.67 0.93 208 Shoulders, square-cut, bnls 51 13,799 $551.85 (3.92) 209 Breast 114 33,449 $217.97 2.74 Breast, bulk 6 8,533 $146.42 (1.72) 209A Ribs, Breast bones off 47 5,618 $531.19 (10.23) 210 Foreshank 180 27,162 $421.75 4.79 230 Hindsaddle 8 912 $439.41 (10.80) 231 Loins 10 1,327 $448.35 (8.64) 232 Loins, trimmed 4x4 119 19,746 $527.87 3.84 232 Loins, trimmed 2x2 15 3,200 $636.24 (9.10) 232 Loins, trimmed 1x1 111 28,465 $706.82 (15.80) 232 Loins, trimmed 0x0 28 4,020 $836.99 10.93 232C Loin, boneless, tied 15 2,089 $1,631.40 12.29 232E Flank, untrimmed 33 20,284 $122.28 (0.24) 233 Legs 92 69,064 $379.68 0.44 233A Leg, trotter-off 276 258,133 $352.20 4.34 233C Leg, trotter-off, partial bnl 90 134,971 $488.11 (7.24) 233E Leg, steamship 34 86,881 $404.49 (0.27) 233F Hindshank 86 14,406 $422.35 2.11 234 Leg, Boneless, Tied 261 189,240 $531.07 (0.42) 234A Leg, shank off, bnls 69 19,379 $619.45 4.52 234E Leg, inside, boneless 86 16,430 $739.14 12.62 234G Sirloin, boneless 27 1,978 $732.89 4.73 236 Back, trimmed 14 333 $781.70 20.71 238 Trimmings 30 3,949 $483.93 (1.39) 239 Special trimmings 23 3,460 $517.81 (7.89) 246 Tenderloin 6 124 $1,510.96 (10.78) 295 Lamb for stewing 60 11,951 $618.74 (1.28) 296 Ground lamb 38 8,046 $569.22 5.06 Necks 40 8,442 $202.13 3.31 --------------------------------------------------------------------------FROZEN CHOICE & PRIME CUTS # Of Total Weighted Change from IMPS Sub-Primal Trades Pound Average Prior Days --------------------------------------------------------------------------204 Rack, 8-Rib, medium 7 4,744 $509.07 9.36 209 Breast 16 8,074 $229.02 3.45 209A Ribs, Breast bones off 5 1,224 $412.81 10.28 210 Foreshank 56 7,885 $403.85 40.58 230 Hindsaddle 3 158 $432.09 0.00 232 Loins, trimmed 1x1 6 6,491 $590.34 (40.09) 232E Flank, untrimmed 10 44,524 $126.88 (0.57) 233A Leg, trotter-off 15 53,640 $305.75 (0.03) 233E Leg, steamship 4 8,535 $394.63 2.03 234 Leg, Boneless, Tied 14 21,265 $476.13 (24.02) 234E Leg, inside, boneless 26 1,713 $867.58 129.28 238 Trimmings 3 3,448 $105.65 (1.49) 239 Special trimmings 4 1,530 $419.90 0.00 295 Lamb for stewing 26 5,690 $727.02 23.99 296 Ground lamb 85 15,950 $596.36 3.55 Necks 19 19,665 $145.20 2.51 ACTUAL SLAUGHTER UNDER FEDERAL INSPECTION NATIONAL WEEKLY COMPREHENSIVE LAMB CARCASS H Combined Negotiated, Formula and Forward Contract sales for delivery within 14 calendar days, FOB Plant basis. For W/E 03/14/2015 *Items with no entries indicate non-reportable trades.* Monday Tuesday Wednesday Thursday Friday Saturday CHOICE AND PRIME, YG 1-4 Weight 45-DN 45-55# 55-65# 65-75# 75-85# 85-UP CHOICE AND PRIME, YG 5 Weight 45-DN 45-55# 55-65# 65-75# 75-85# 85-UP 6,936 Wt Avg 520.77 408.83 348.97 323.44 308.41 295.36 Head Head 1,058 Wt Avg Total Lambs & Yearlings 94.4% Mature Sheep 5.6% RED MEAT PRODUCTION (Estimated, except *Actual*) Production Mil.Lbs. CERTIFIED FRESH AMERICAN LAMB Weight 45-DN 45-55# 55-65# 65-75# 75-85# 85-UP Head Head 0 0 0 0 0 0 UNGRADED Weight 45-DN 45-55# 55-65# 65-75# 75-85# 85-UP Head Head 188 133 899 1,541 2,329 1,846 8,912 8,165 6,949 8,947 7,503 37 -----40,513 Wt Avg Head Head 102 64 77 66 11 10 330 Wt Avg 443.50 362.00 325.78 326.67 221.09 221.90 *For more information, please visit www.ams.usda.gov/ConfidentialityGuidelines* 28-Mar-2015 21-Mar-2015 Change *29-Mar-2014* Change 2015 YTD: *2014 YTD:* Change 14-Mar-2015 3.3 3.0 10.0% 3.1 3.1% 33.7 34.4 6.5% 2.9 Average Live Weights 28-Mar-2015 21-Mar-2015 *29-Mar-2014* 14-Mar-2015 145 145 142 144 USDA ESTIMATED NATIONAL LAMB CARCASS CUTOUT Dressed Based on 5-Day Rolling weighted average FOB plant prices collected under Mandatory Price Reporting and industry yields. CUTS FOB PRICE CHANGE % CARCASS LBS. FORESADDLE 204 RACK, 8-RIB MEDIUM 798.58 2.55 11.00% 7.92 209 BREAST ** 207.72 3.71 8.32% 5.99 207 SHOULDERS, SQ-CUT 295.67 0.93 23.65% 17.03 210 FORESHANK 421.75 4.79 3.97% 2.86 NECK ** 162.30 -0.96 2.22% 1.60 HINDSADDLE 232 LOINS, TRIMMED 4X4 527.87 3.84 11.04% 7.95 232E FLANK UNTRIMMED ** 125.44 -0.43 3.61% 2.60 233A LEG, TROTTER OFF 352.20 4.34 31.93% 22.99 --------------------------------------------------------------------------GROSS CARCASS VALUE: 370.66 2.77 95.74% 68.93 FORESADDLE VALUE 397.47 1.99 49.16% 35.40 HINDSADDLE VALUE 376.26 3.85 46.58% 33.54 Carcass value less process/packaging per cwt cost of $33.75 NET CARCASS VALUE 336.91 2.77 * Shrink and trim of 3.07 lb's not reflected in cutout value * Based on Actual Federally Inspected Slaughter Carcass Weight of 72.00 lbs. for W/E 03/14/2015 , -1.00lbs lighter than last week. **Includes Fresh and Frozen Product 28-Mar-2015 21-Mar-2015 *29-Mar-2014* 14-Mar-2014 73 73 71 72 Slaughter 28-Mar-2015 21-Mar-2015 Change *29-Mar-2014* Change 2015 YTD: *2014 YTD: Change 46,000 42,000 9.5% 43,000 -4.7% 469,000 488,000 -4.0% US FEDERALLY INSPECTED SLAUGHTER BY REGION Week Ending S F R t e e a d g n e i d r o 1 ----- LAMB AND MUTTON IMPORTS 03/14/2015 a a n / - ------------------------------------rd : Sheep l :-------------------------------s : Total Mature Lambs & : 2/ Sheep Yearlings ------------------------------------1,000 head 1 0.5 0.5 2 3.3 0.3 3.0 3 2.2 0.3 1.9 4 1.1 0.3 0.9 5 6.6 0.6 6.0 6 0.8 0.1 0.7 7 0.2 0.2 8 19.3 0.4 18.9 9 5.9 0.1 5.7 10 0.6 0.1 0.5 ---------------------------------------- -U.S. 2/ : 40.5 2.3 38.2 ------------------------------------------Represents zero. (D) Withheld to avoid disclosing individual operations. 1/ States included in regions are as follows 1- CT, ME, NH, VT, MA & RI; 2- NY & NJ; 3- DE-MD, PA, WV & VA; 4- AL, FL, GA, KY, MS, NC, SC & TN; 5- IL, IN, MI, MN, OH & WI; 6- AR, LA, NM, OK & TX; 7- IA, KS, MO & NE; 8- CO, MT, ND, SD, UT & WY; 9- AZ, CA, HI & NV; 10- AK, ID, OR & WA. 2/ Totals may not add due to rounding. A region may not be published due to confidentiality, but is included in totals. Current Week Ago Year Ago YTD YTD 03/14/15 03/07/15 03/15/14 2015 2014 46,209 51,449 50,229 523,267 553,989 4,090 3,728 4,102 41,722 44,058 2,702 2,873 3,097 32,087 31,718 396,858 396,884 380,618 4,324,976 4,217,894 EXPORTS 03/26/15 Slaughter Lambs Ewes Breeding Males Breeding Females Total Sheep CURRENT WEEK-T-D 0 0 0 0 0 0 0 0 0 0 CURRENT Y-T-D -5.5% -5.3% 1.2% 2.5% PREVIOUS Y-T-D 0 1,854 0 0 1,854 0 6,355 0 0 6,355 H US TO MEXICO WEEKLY LIVESTOCK EXPORT SUMMARY THU 03/26/2015 Slaughter Lambs Ewes Breeding Males Breeding Females Total Current Previous Week Week 3/21/2015 03/14/2015 0 310 0 0 310 0 598 0 0 598 Lamb Australia Canada Chile Iceland New Zealand Total Metric Tons Carcasses Cuts Edible Offals 64 1,023 25 Primals & Subprimals 420 Week 12 Weekly Total 1,532 3 3 343 763 705 2,271 25 453 49 536 3,988 714 4,751 33 16 113 338 1,361 5 30 16 412 23 435 26 26 49 Year-toDate Total 10,336 18 89 0 4,588 15,030 33 Mutton Australia New Zealand Total 25 NATIONAL WEEKLY LAMB CARCASS AND LAMB CUTS - IMPORTED FOB cold storage; negotiated sales for delivery within 0-21 days and for delivery 22/Up days; fresh and frozen carlot volume; U.S. dollars per 100 pounds. *Items with no entries indicate non- reportable trades* WEEKLY VOLUME Fresh Cuts Frozen Cuts %Change Texas to Mexico Daily Livestock Exports FRI, 3/27/2015 03/15/15 to 03/21/15 Boneless Trimmings AUS = Australian NZ = New Zealand Negotiated Sales 0-21 days: CANADIAN FEDERALLY INSPECTED SLAUGHTER Cattle: Calves: Sheep: Hogs: For Reporting Period: Current Y-T-D Previous Y-T-D* PERCENT CHANGE 0 1,854 0 0 1,854 0 6,355 0 0 6,355 -70.83% = = 2,313,862 Pounds 2,260,988 Pounds -------------------------------------------------------------------------------NEGOTIATED SALES, FRESH # of Total Weighted Sub-Primal Trades Pounds Price Range Average -------------------------------------------------------------------------------AUS AUS AUS AUS AUS AUS AUS AUS Rack, FR, Cap-off, 20-24 oz Rack, FR, Cap-off, 24-28 oz Rack, FR, Cap-off, 28 oz/up Shoulder, Square-cut Foreshank, VP Shortloin, 1-Rib, 1x1 Shortloin, 1-Rib, 0x0 Leg, semi bnls 30 30 41 23 15 22 39 21 37,205 19,702 62,755 98,281 23,873 38,934 262,981 101,208 817.00 839.00 841.00 231.00 258.00 346.00 427.00 340.00 1,167.00 1,181.00 1,257.00 307.00 363.00 599.00 521.00 491.00 944.81 926.05 925.37 264.52 343.67 452.36 500.57 414.84 -------------------------------------------------------------------------------NEGOTIATED SALES, FROZEN # of Total Weighted Sub-Primal Trades Pounds Price Range Average -------------------------------------------------------------------------------AUS Rack, FR, Cap-off, 20-24 oz AUS Rack, FR, Cap-off, 24-28 oz AUS Rack, FR, Cap-off, 28 oz/up AUS Shoulder, Square-cut AUS Shoulder, Square-cut, bnls AUS Foreshank, LP AUS Leg, Long AUS Hindshank, LP AUS Leg, bnls NZ Rack, FR, Cap-off, 12 oz/dn NZ Rack, FR, Cap-off, 12-16 oz NZ Rack, FR, Cap-off, 16-20 oz NZ Rack, FR, Cap-off, 20 oz/up 13 16 11 39 12 39 65 8 48 11 115 102 28 10,121 18,110 13,066 85,244 22,582 40,196 240,572 5,056 72,861 4,345 61,873 92,031 15,386 687.00 709.00 811.00 193.00 332.00 194.00 220.00 198.00 328.00 767.00 697.00 697.00 753.00 1,055.00 1,185.00 1,234.00 266.00 475.00 302.00 351.00 350.00 433.00 895.00 928.00 928.00 900.00 789.59 818.02 941.14 214.80 358.94 219.59 322.21 238.71 351.90 804.94 811.30 817.34 813.50 Regional Weekly Summaries NATIONAL WOOL REVIEW MOUNTAIN AREAS AND WESTERN UNITED STATES DIRECT SHEEP Receipts: 0 Last Week: 0 Last Year: 7800 Compared to last week: There were no confirmed trades this week. The old crop lambs that were in the Imperial Valley are mostly all moved back to the feedlots at this point in time. The majorities of them have been moved and now they are at a final clean up stage where the remaining numbers will be back within the next ten days to two weeks. CA springers are look to start moving in early April or later as CA still has a moderate feed supply from earlier rains, although it has started to heat up and much of the state is starting to get dry. Most believe that recent rain storms have helped to be able to hold them back longer and they believe this is very beneficial as feedlot numbers have risen this past month. Harvest weights are remaining steady in CO and the Mid-west. Consumer demand is still struggling and packers are continuing to decrease bids. The Mandatory Price Reporting, Formula Carcass report for last week was showing the average carcass weight at 80.9 lbs. Corresponding live weight calculation would be 161.2 lbs. This is indicating that weights have remained steady and are still trending heavy. SOUTH CENTRAL DIRECT SHEEP Feeder Lambs: Trading at a standstill. Supplies are limited and demand light. TX: None. Slaughter Lambs: TX: None. Slaughter Ewes: TX: None. Replacement Ewes: TX: None. NATIONAL WEEKLY LAMB REPORT Receipts: This Period Week to Date Last Week Total Last Year Total Negotiated 5,103 5,103 2,882 5,353 Formula 11,575 11,575 12,325 10,418 Comments: Compared to last week, negotiated sales of slaughter lambs were steady to 3.00 lower. Formula sales of slaughter lambs under 65 lbs not well tested; 65-75 lbs were 10.00 to 12.00 lower; 75-85 lbs were 5.00 to 8.00 higher; 85-95 lbs were steady to 1.00 lower; over 95 lbs were 5.00 to 7.00 lower. NEGOTIATED PURCHASES Slaughter Lambs: Live Basis - Choice and Prime Head Weight Wtd Avg Wtd Avg Price Wtd Avg Count Range Weight Dr Pct Range Price 3530 under 170 lbs 150.50 51.30 127.39-163.10 141.99 1573 over 170 lbs 185.90 50.30 115.00-127.45 119.24 FORMULA PURCHASES Slaughter Lambs: Carcass Basis - Choice and Prime Head Weight Wtd Avg Wtd Avg Count Range Weight Dr Pct 174 under 55 lbs 44.00 52.10 113 55-65 lbs 55.50 52.60 3706 65-75 lbs 70.50 49.20 3302 75-85 lbs 78.70 49.90 1560 85-95 lbs 88.70 51.50 2720 over 95 lbs 105.00 51.40 Domestic wool trading on a clean basis was at a standstill this week. There were no confirmed trades. Shearing has become wide spread especially across the western states. Storms in the early part of the month caused a lot of shearing to be put on hold while they passed through. The recent warmer weather has now allowed shearing to begin again. Shearing will continue to be heavy over the next several weeks, but a majority of the producers say they are at least a week to two weeks behind their normal schedule. A stronger U.S. dollar along with the struggles in China is making it hard for buyers to obtain clips that growers are willing to sell at. Currently wools are falling within 80-85 percent of Australia. Domestic clean wool and confirmed trades are reported on a weighted average basis. 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 3.37 None 23 60-62s None 3.32 None 24 60s None None None 25 58s None 2.90 None 26 56-58s None 2.65 None 27 54-56s None None NA 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 at a standstill this week. There were no confirmed trades. All trades reported on a weighted average. Price Range 400.00-430.00 280.00-280.00 268.70-310.12 270.00-316.46 286.00-304.80 251.52-296.15 Wtd Avg Price 412.93 280.00 282.93 307.09 296.55 284.00 NATIONAL WEEKLY SLAUGHTER SHEEP REVIEW Formula Prices established for previously slaughtered lambs.(carcass basis) Domestic Weighted Average Weight: 82.9 lbs Weighted Average Net Price: 293.83 Wtd Average Dressing Percent: 50.3 WEEKLY LAMB PELTS PRICE REPORT - FOB Major Production Points Per Piece Price Pelt activity this week compared to last report: Pelt prices were steady. PELT TYPES: PACKER, SEED FREE, MOSTLY GOOD DENSITY WOOL SHORN Price Range UNSHORN Price Range ---------------------------------------------------------SHORN PELTS | UNSHORN PELTS (Wools) (Previously Shorn) | (Never Shorn) (suitable to tan, wool on) | Fall Clips: 4.50-7.00 | No. 1: 2.50-4.50 | Pullers: (1.00)-(0.25) | No. 2: 0.00-0.50 | (suitable to tan, wool on) | Springers: 4.00-9.00 No. 3 & 4: (0.75)-0.00 | Mostly: 5.50-8.25 Imperial's 5.50-8.00 | | Pickling skins(1.50)-(0.75) | ---------------------------------------------------------Livestock Mandatory Reporting on Negotiated, Formula and Contract trades Monday March 23, 2015 through Friday March 27, 2015 showed 16,717 pelts consisting of 69.8% wooled, 19.6% Fall Shorn No. 1, and 10.6% No. 2-4. 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 1 at 1094 cents per Kg clean from last week. A total of 41,420 bales were offered with sales of 93.4 percent. The Australian exchange rate was weaker by .0071 at .7807 percent of the U.S. dollar. The sale next week has a total offering of 50,324 bales. 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 4.73 + .03 3.55-4.02 19 70-80s 4.41 + .03 3.31-3.75 20 64-70s 4.29 + .05 3.22-3.65 21 64s 4.24 + .04 3.18-3.60 22 62s 4.14 + .02 3.10-3.52 23 60-62s 4.06 - .01 3.04-3.45 24 60s ---------------25 58s 3.69 + .04 2.77-3.14 26 56-58s 3.43 + .06 2.57-2.92 28 54s 3.10 + .04 2.32-2.63 30 50s 2.93 + .03 2.20-2.49 32 46-48s 2.60 + .01 1.95-2.21 Merino Clippings 3.48 + .05 2.62-2.96 Eastern Market Indicator closed up 1 at 1094 cents per kg clean. Australian exchange rate was weaker by .0071 at .7807 percent of the U.S. dollar. Shorn # 1 Pelts Weekly Gross Carcass Cutout Value 12.00 Market News Sources 390 11.00 370 9.00 Price Per CWT Price Per Piece 10.00 8.00 7.00 350 330 For additional information, contact these Livestock and Grain Market News locations 310 6.00 5.00 290 4.00 270 3.00 J F M A M J 2015 J A S O 2014 N J D 5 Yr Avg M A M J 2015 Weekly Imported Lamb J A 2014 S O N D 5.00 2,600 4.75 2,400 4.50 2,200 4.25 2,000 4.00 Price Per Pound 2,800 1,800 1,600 1,400 1,200 Des Moines, IA William Worlie 515-284-4460 5 Yr Avg Monthly Clean Wool, US Grade 64's, Territory Sales 3,000 Metric Tons F St Joseph, MO Brittany Koop 816-676-7000 Greeley, CO Randy Hammerstrom 970-353-9750 3.75 New Holland, PA Levi Geyer 717-354-2391 3.50 3.25 3.00 1,000 2.75 800 2.50 600 2.25 San Angelo, TX Rebecca Sauder 915-653-1778 2.00 400 J F M A 2015 M J J A 2014 S O N D 5 Yr Avg Jan Feb Mar Apr May Jun 2015 Jul Aug Sep Oct Nov Dec 2014 5 Yr Avg Sioux Falls, SD Justin Lumpkin 605-338-4061