USDA WEEKLY NATIONAL LAMB MARKET SUMMARY Livestock, Meat, Wool, Pelt, & International Markets Monday, December 29, 2014 Billings: NATIONAL SHEEP SUMMARY *** Due to holidays this report not issued until January 9, 2015. *** Kalona: So Dakota: Weekly Trends: Compared to last week slaughter lambs were steady to 8.00 lower, except at San Angelo, TX firm to 5.00 higher. Slaughter ewes were steady to 10.00 higher. Feeder lambs were steady to as much as 15.00 lower. At San Angelo, TX 3840 head sold in a one day sale. No sales in Equity Electronic Auction. In direct trading slaughter ewes were not tested; feeder lambs sharply lower. 5800 head of negotiated sales of slaughter lambs were 2.003.00 lower and 10,800 head of formula sales of carcasses under 55 lbs were not well tested; 55-65 lbs were firm; 65-75 lbs were 9.00-10.00 lower; 75-85 lbs were firm; 85-95 lbs were 10.00-12.00 lower and over 95 lbs were not well tested. 7,119 lamb carcasses sold with 45 lbs and down 14.24 higher; 45-55 lbs 1.51 lower; 55-65 lbs .52 higher and 65 lbs and up .47-.54 lower. All sheep sold per hundredweight (CWT) unless otherwise specified. Replacement Ewes: Medium and Large 1-2: San Angelo: hair ewes 125-150 lbs 110.00-126.00 cwt. Ft. Collins: bred solid mouth 167.00-173.00 per head. Billings: mixed age 180-195 lbs 74.50-77.00 cwt. So Dakota: bred baby tooth to solid mouth 130.00-155.00 per head, others 164 lbs 75.00 cwt; bred solid to broken mouth 110.00 per head. Missouri: wooled 157 lbs 85.00 cwt; hair 105.00-135.00 per head, others 115-130 lbs 105.00-120.00 cwt. Choice and Prime 2-3 90-160 lbs: shorn and wooled 120-165 lbs 153.00-176.00. wooled 90-110 lbs 160.00-203.00; 110-130 lbs 160.00197.00; 130-160 lbs 140.00-192.00. PA: shorn and wooled 110-130 lbs 180.00-227.00. Ft. Collins, CO:wooled 125 lbs 165.00. Kalona, IA: shorn 123 lbs 155.00; wooled 125-140 lbs 147.00-148.00, 150-195 lbs 130.00-144.00. South Dakota: shorn and wooled 97 lbs 151.00; 110-155 lbs 143.00-150.00. Missouri: 105-130 lbs 158.00-163.00. Equity Elec: no sales. Ft. Collins: SLAUGHTER LAMBS Choice & Prime 2-3 Shorn & Wooled (130 - 180 pounds) Latest Last Wk Last Yr San Angelo, TX N/Q 156.63 N/Q Worthing-Sioux Falls,SD N/Q 146.06 N/Q Ft Collins, CO N/Q N/Q SLAUGHTER EWES Good 2-3 & Good 3-4 Negotiated sales for delivery within 14 calendar days, FOB Plant basis. Latest Last Wk Last Yr San Angelo, TX Compared to last week: Carcasses were mostly higher: Carcasses 45#'s and lighter to 65#'s were 1.49 to 3.87 higher; 65#'s to 75#'s were .44 lower; and 75#'s and heavier carcasses were 0.19 to 0.72 higher. DAILY CHOICE AND PRIME, YG 1-4 Head 17 Weight Head Wt Avg 45-DN *Price not reported due to confidentiality* 45-55# *Price not reported due to confidentiality* 55-65# *Price not reported due to confidentiality* 65-75# *Price not reported due to confidentiality* 75-85# *Price not reported due to confidentiality* 85-UP *Price not reported due to confidentiality* Choice and Prime 1: 40-60 lbs 244.00-266.00, few 270.00-276.00; 60-70 lbs 222.00-238.00, few 244.00; 70-80 lbs 200.00-228.00, few 238.00; 80-90 lbs 200.00-208.00; 90-100 lbs 190.00-208.00. Pennsylvania: 40-60 lbs 235.00-287.00; 60-80 lbs 208.00-237.00; 80110 lbs 180.00-227.00. Kalona, IA: 53 lbs 235.00; 70-75 lbs 207.50-212.50; 80-85 lbs 192.50-195.00. Ft. Collins: 71 lbs 215.00; 90-105 lbs 179.00-190.00. Missouri: 40-50 lbs 200.00-205.00; 50-70 lbs 190.00-245.00; 70-90 lbs 180.00-225.00. Virginia: 30-60 lbs 201.00-216.00; 60-90 lbs 188.00-225.00; 90110 lbs 162.00-219.00. Direct Trading: (lambs fob with 3-4 percent shrink or equivalent) 5800: Slaughter Lambs shorn and wooled 139-169 lbs 147.75174.00 (wtd avg 159.21); load 187 lbs 165.00. TX: 500: Feeder Lambs 100 lbs 165.00. Medium and Large 1-2: 50-60 lbs 238.00-252.00; 60-70 lbs 200.00-220.00; 70-80 lbs 192.00-212.00; 80-90 lbs 190.00; 100-110 lbs 180.00186.00. 80-90 lbs 174.00-175.00; 95-100 lbs 164.00-167.00; 100110 lbs 155.00-164.00; 110-115 lbs 150.00-159.00. HIGHLIGHTS NATIONAL DAILY LAMB CARCASS Slaughter Lambs: San Angelo: Feeder Lambs: San Angelo: 21 No. 52 Weighted Avg Prices (Simple Avg noted *) N/Q Slaughter Lambs: San Angelo: VA: Slaughter Ewes: San Angelo: Good 2-3 (fleshy) 76.00; Utility and Good 1-3 (medium 90.00-108.00; Utility 1-2 (thin) 80.00; Cull and Utility 1-2 (very thin) 60.00-70.00; Cull 1 (extremely thin) 50.00. Pennsylvania: Good 2-3 (fleshy) 86.00-205.00; Utility 1-2 (thin) 110.00-120.00. Ft. Collins: Good 3-5 (very fleshy) 77.00-88.00; Good 2-3 (fleshy) 67.00-75.00; Utility 1-2 (thin) 66.00; Cull 1 (extremely thin) no test. Billings, MT: Good 3-4 66.50; Good 2-3 64.00-72.75; Utility 1-2 60.00-68.00; Cull 1 no test. So Dakota: Good 3-4 (very fleshy) 67.00; Good 2-3 (fleshy) 65.0068.00; Utility and Good 1-3 71.50; Utility 1-2 (thin) 55.00-63.00; Cull and Utility 1-2 72.00; Cull 1 35.00. Missouri: Utility and Good 1-3 65.00-93.00. Virginia: Good 2-4 70.00-117.50; Utility 1-2 48.00-90.00 Kalona: Good 2-3 84.00-92.50; Utility 1-2 75.00-85.00. 60-70 lbs 189.00-198.00; 80-90 lbs 182.00-194.50; 90-100 lbs 169.00-187.00; 100-110 lbs 154.00-168.00; 110-120 lbs 147.50-161.00; 129 lbs 141.00; 130-140 lbs 131.00140.00; 143 lbs 126.00. 53 lbs 197.50; 104 lbs 164.00. 88 lbs 175.00; 95-100 lbs 165.00-172.00; 100-110 lbs 150.00-163.00; 118 lbs 144.00; 120-125 lbs 143.00-145.00. VOL. N/Q 76.00 N/Q St. Onge, Newell, SD N/Q 67.74 N/Q Ft. Collins, CO * N/Q *71.00* * N/Q * Billings, MT N/Q 75.29 N/Q FEEDER LAMBS Medium-Large 1-2 (90-110 pounds) * SAT-FRI Weight 45-DN 45-55# 55-65# 65-75# 75-85# 85-UP CHOICE AND PRIME, Head 287 186 466 969 970 443 YG 1-4 Head 3,321 Wt Avg 461.01 394.31 358.58 341.91 331.31 322.39 Latest Last Wk Last Yr San Angelo, TX N/Q 182.72 N/Q 167.10 N/Q H USDA NATIONAL LAMB ESTIMATED GRADING PERCENT 163.08 26.42% 50.47% 16.03% 3.50% N/Q CARCASS LAMB FOB PLANT *SAT-FRI* WT AVGS Last Week Week Ending 12/13/2014: Actual FIS Sheep Slaughter 42,408 head. 40,173 Lambs, 94.7% of total sheep slaughtered. 27,459 graded, 68.35% of total lambs slaughtered. -----------------------------------------------------------------------GRADE BREAKDOWN Yield Grade (May include hindsaddles) Quality 1 2 3 4 5 Total Prime 0.05% 0.84% 2.21% 1.62% 0.59% 5.31% Choice 3.53% 25.58% 48.26% 14.41% 2.91% 94.69% 3.58% N/Q Ft. Collins, CO *For more information, please visit www.ams.usda.gov/ConfidentialityGuidelines* Total % N/Q St. Onge, Newell, SD 45#-Dn 45-55# 55-65# 65-75# 75-85# 85#-Up 45#-Dn 45-55# 55-65# 65-75# 75-85# 85#-Up 459.26 392.82 354.71 342.35 331.12 321.67 Last Year 422.51 357.80 322.20 300.57 290.95 287.44 Latest 461.01 394.31 358.58 341.91 331.31 322.39 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 934,154 pounds Frozen Cuts 143,361 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 --------------------------------------------------------------------------202 Foresaddle 4 317 $392.00 2.19 204 Rack, 8-Rib, light 5 1,538 $847.29 (2.48) 204 Rack, 8-Rib, medium 91 21,133 $806.63 (1.28) 204 Rack, 8-Rib, heavy 13 1,691 $839.73 2.81 204A Rack, chined 34 6,485 $901.93 39.92 204B Rack, roast-ready 11 1,977 $1,045.01 (69.15) 204C Rack, roast-ready, frenched 122 28,299 $1,479.07 (42.81) 204D Rack, roast-ready, special 6 1,309 $2,021.47 (22.60) 206 Shoulders 99 65,742 $290.09 3.68 207 Shoulders, square-cut 178 111,350 $305.52 (5.07) 208 Shoulders, square-cut, bnls 30 7,190 $541.79 (1.64) 209 Breast 98 33,017 $224.88 2.70 Breast, bulk 11 11,283 $176.40 (6.23) 209A Ribs, Breast bones off 22 3,485 $592.55 2.11 210 Foreshank 142 16,494 $406.72 (0.97) 230 Hindsaddle 4 242 $478.00 21.35 231 Loins 7 799 $434.97 3.81 232 Loins, trimmed 4x4 73 17,527 $528.71 (3.91) 232 Loins, trimmed 2x2 21 3,766 $643.95 (16.17) 232 Loins, trimmed 1x1 84 15,815 $770.72 1.78 232 Loins, trimmed 0x0 21 2,349 $855.47 (19.17) 232C Loin, boneless, tied 13 909 $1,564.76 (47.49) 232E Flank, untrimmed 22 21,841 $131.01 4.65 233 Legs 94 32,624 $363.19 (1.97) 233A Leg, trotter-off 201 91,232 $354.44 (3.10) 233C Leg, trotter-off, partial bnl 37 12,467 $490.19 2.84 233E Leg, steamship 10 1,677 $468.31 (3.84) 233F Hindshank 68 19,057 $391.39 5.05 234 Leg, Boneless, Tied 137 55,823 $532.02 (5.26) 234A Leg, shank off, bnls 33 5,246 $628.45 (6.32) 234E Leg, inside, boneless 41 4,983 $748.83 (0.29) 234G Sirloin, boneless 14 657 $708.87 (14.79) 236 Back, trimmed 10 302 $804.77 0.18 238 Trimmings 20 3,391 $389.24 (4.99) 239 Special trimmings 15 690 $522.96 20.94 246 Tenderloin 4 70 $1,245.00 (153.66) 295 Lamb for stewing 31 5,619 $605.15 3.91 296 Ground lamb 28 5,578 $568.26 (2.95) Necks 33 10,769 $180.24 9.31 --------------------------------------------------------------------------FROZEN CHOICE & PRIME CUTS # Of Total Weighted Change from IMPS Sub-Primal Trades Pound Average Prior Days --------------------------------------------------------------------------204 Rack, 8-Rib, medium 4 4,019 $473.14 (24.65) 209 Breast 16 27,139 $212.36 (1.36) 210 Foreshank 47 6,770 $366.55 (20.90) 232 Loins, trimmed 1x1 4 1,756 $589.30 0.06 232E Flank, untrimmed 11 30,844 $126.23 3.71 233A Leg, trotter-off 3 12,218 $314.30 0.86 233F Hindshank 7 1,120 $467.28 37.92 234 Leg, Boneless, Tied 5 1,002 $545.65 (24.43) 234E Leg, inside, boneless 17 1,571 $828.33 23.59 239 Special trimmings 4 1,140 $397.63 (40.53) 295 Lamb for stewing 10 1,961 $749.90 11.45 296 Ground lamb 51 6,550 $580.18 4.79 Necks 14 8,720 $168.20 15.98 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 12/13/2014 *Items with no entries indicate non-reportable trades.* CHOICE AND PRIME, YG 1-4 Weight Head 45-DN 287 45-55# 186 55-65# 466 65-75# 1,039 75-85# 970 85-UP 511 Head CHOICE AND PRIME, YG 5 Weight Head 45-DN 45-55# 55-65# 65-75# 75-85# 85-UP Head CERTIFIED FRESH AMERICAN LAMB Weight Head Head UNGRADED Weight 45-DN 45-55# 55-65# 65-75# 75-85# 85-UP Head Monday Tuesday Wednesday Thursday Friday Saturday 3,459 Wt Avg 461.01 394.31 358.58 342.35 331.31 322.70 Total Lambs & Yearlings 94.7% Mature Sheep 5.3% 366 Wt Avg RED MEAT PRODUCTION (Estimated, except *Actual*) Production Mil.Lbs. 27-Dec-2014 20-Dec-2014 Change *28-Dec-2013* Change 2014 YTD: *2013 YTD:* Change 13-Dec-2014 Wt Avg Head 87 81 109 99 2 2 380 Wt Avg 377.76 376.11 322.23 319.60 312.00 312.00 *For more information, please visit www.ams.usda.gov/ConfidentialityGuidelines* USDA ESTIMATED NATIONAL LAMB CARCASS CUTOUT 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 806.63 -1.28 11.00% 7.70 209 BREAST ** 213.05 0.56 8.32% 5.82 207 SHOULDERS, SQ-CUT 305.52 -5.07 23.65% 16.56 210 FORESHANK 406.72 -0.97 3.97% 2.78 NECK ** 174.85 17.41 2.22% 1.55 HINDSADDLE 232 LOINS, TRIMMED 4X4 528.71 -3.91 11.04% 7.73 232E FLANK UNTRIMMED ** 128.21 4.79 3.61% 2.53 233A LEG, TROTTER OFF 354.44 -3.10 31.93% 22.35 ----------------------------------------------------------------------------GROSS CARCASS VALUE: 374.91 -2.20 95.74% 67.02 FORESADDLE VALUE HINDSADDLE VALUE 9,531 9,075 7,344 8,137 8,274 47 -----42,408 404.27 378.21 -1.92 -2.68 49.16% 46.58% 34.41 32.61 Carcass value less process/packaging per cwt cost of $33.75 NET CARCASS VALUE 341.16 -2.20 * Shrink and trim of 2.98 lb's not reflected in cutout value * Based on Actual Federally Inspected Slaughter Carcass Weight of 70.00 lbs. for W/E 12/13/2014 , 1.00 lbs heavier than last week. **Includes Fresh and Frozen Product 2.1 2.8 -25.0% 2.4 -12.5% 142.9 144.1 -0.8% 3.0 Average Live Weights 27-Dec-2014 20-Dec-2014 *28-Dec-2013* 13-Dec-2014 137 136 133 139 Dressed 27-Dec-2014 20-Dec-2014 *28-Dec-2013* 13-Dec-2014 69 68 67 70 Slaughter 27-Dec-2014 30,000 20-Dec-2014 41,000 Change -26.8% *28-Dec-2013* 35,000 Change -14.3% 2014 YTD: 2,073,000 *2013 YTD: 2,097,000 Change -1.1% 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 12/13/2014 a a n / - ------------------------------------rd : Sheep l :-------------------------------s : Total Mature Lambs & : 2/ Sheep Yearlings ------------------------------------1,000 head 1 0.8 0.7 2 2.9 0.3 2.6 3 2.4 0.1 2.3 4 1.1 0.2 0.8 5 7.3 0.7 6.6 6 1.0 0.4 0.7 7 0.1 0.1 8 20.1 0.4 19.8 9 5.8 0.1 5.7 10 0.9 0.9 ---------------------------------------- -U.S. 2/ : 42.4 2.2 40.2 ------------------------------------------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. Cattle: Calves: Sheep: Hogs: Week Ago 12/06/14 53,103 3,940 4,269 405,719 Year Ago YTD YTD 12/14/13 2014 2013 51,474 2,595,032 2,506,096 4,181 194,921 203,261 5,605 163,410 162,252 418,442 18,936,006 19,289,013 EXPORTS 12/26/14 Slaughter Lambs Ewes Breeding Males Breeding Females Total Sheep CURRENT WEEK-T-D 0 283 0 0 283 0 583 0 0 583 CURRENT Y-T-D PREVIOUS Y-T-D 0 24,545 0 0 24,545 0 30,433 0 0 30,433 US TO MEXICO WEEKLY LIVESTOCK EXPORT SUMMARY Current Previous Week Week 12/20/2014 12/13/2014 Slaughter Lambs Ewes Breeding Males Breeding Females Total 0 0 0 0 0 0 300 0 0 300 Current Y-T-D 0 23,962 0 0 23,962 Previous Y-T-D* 0 30,433 0 0 30,433 Lamb Australia Canada Chile Iceland New Zealand Total 19 19 Mutton Australia New Zealand Total 389 25 413 Carcasses Cuts 18 860 18 240 1,101 Metric Tons Edible Offals Primals & Subprimals 3 3 4 52 4 52 Week 50 Weekly Total Year-toDate Total 170 1,049 97 267 359 1,408 43,587 153 259 149 17,773 61,994 445 25 469 11,274 3,408 14,977 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 AUS = Australian NZ = New Zealand Fresh Cuts Frozen Cuts = = 2,427,983 Pounds 1,552,243 Pounds Negotiated Sales 22/up days: 3.5% -4.1% 0.7% -1.8% H WED 12/24/2014 12/07/14 to 12/13/14 Boneless Trimmings %Change Texas to Mexico Daily Livestock Exports FRI, 12/26/2014 For Reporting Period: Negotiated Sales 0-21 days: CANADIAN FEDERALLY INSPECTED SLAUGHTER Current 12/13/14 50,072 4,095 4,175 406,280 *** Current Report Unavailable *** PERCENT CHANGE -21.26% Fresh Cuts Frozen Cuts = = 74 Pounds 329 Pounds -------------------------------------------------------------------------------NEGOTIATED SALES 0-21 DAYS, 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 44 47 60 33 30 25 40 32 43,696 24,245 82,532 138,423 24,479 49,614 229,299 207,623 787.00 878.00 878.00 256.00 243.00 462.00 437.00 339.00 1194.00 1227.00 1294.00 297.00 404.00 654.00 663.00 491.00 967.37 1032.53 1072.40 280.59 344.19 511.83 618.56 372.12 -------------------------------------------------------------------------------NEGOTIATED SALES 0-21 DAYS, 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 Hindshank, VP 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 24 20 6 30 20 44 10 21 7 99 13 127 152 28 36,560 33,072 4,022 70,329 36,179 69,957 19,515 44,097 3,381 262,563 5,851 107,265 154,563 13,901 712.00 807.00 938.00 219.00 347.00 211.00 255.00 189.00 211.00 325.00 748.00 747.00 723.00 746.00 1094.00 1200.00 1204.00 655.00 475.00 302.00 315.00 427.00 370.00 405.00 925.00 1066.00 928.00 879.00 808.45 889.38 979.60 246.53 378.63 240.54 265.22 235.03 331.52 352.33 803.51 810.07 813.23 799.58 Regional Weekly Summaries NATIONAL WOOL REVIEW MOUNTAIN AREAS AND WESTERN UNITED STATES DIRECT SHEEP *** Due to inactivity of the sheep trade this report will not be issued until January 9, 2015. Last report of 2014. *** Compared to last week: No trades reported. Feeder lamb sales FOB with overnight stand or equivalent 3-4 percent shrink unless otherwise noted. The state identified is the state of origin. Prices quoted per cwt. Current delivery unless otherwise noted. SOUTH CENTRAL DIRECT SHEEP *** Due to holidays report not issued for next (2) weeks. Next report will be January 9, 2015. *** Feeder Lambs: No recent comparison on feeder lambs, but sharply lower undertone noted. Trading and demand moderate. TX: 500: Medium and Large 1-2 100 lbs 165.00. Slaughter Lambs: TX: None. Slaughter Ewes: TX: None. Replacement Ewes: TX: None. *** Due to inactivity of the domestic wool trade and Australian wool market being shut down until January 5, 2015 this report will not be issued until January 9, 2015. This is the last report of 2014. *** Domestic wool trading on a clean basis was at a standstill this week. There were no confirmed trades this week. 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. NATIONAL WEEKLY LAMB REPORT Micron Receipts: Negotiated Formula 18 This Period 5,230 6,142 19 Week to Date 5,230 6,142 20 Last Week Total 5,759 10,629 21 Last Year Total 4,203 6,122 22 Comments: Compared to last week, negotiated sales of slaughter lambs were steady to 1.00 23 lower. Formula sales of slaughter lambs under 55 lbs not well tested; 55-65 lbs were 24 5.00 to 6.00 lower; 65-75 lbs were 6.00-8.00 higher; 75-85 lbs were steady to 2.00 lower; 25 85 lbs and over were not well tested this week but a higher undertone was noted on 26 available sales. 27 28 NEGOTIATED PURCHASES Slaughter Lambs: Live Basis - Choice and Prime 29 Head Weight Wtd Avg Wtd Avg Price Wtd Avg 30-34 Count 4383 847 Range under 170 lbs over 170 lbs Weight 147.00 179.40 Dr Pct 50.80 50.00 FORMULA PURCHASES Slaughter Lambs: Carcass Basis - Choice and Prime Head Weight Wtd Avg Wtd Avg Count Range Weight Dr Pct 99 under 55 lbs 43.50 49.70 443 55-65 lbs 56.40 48.70 1389 65-75 lbs 70.00 50.60 3887 75-85 lbs 80.30 50.70 324 85-95 lbs 85.20 51.40 over 95 lbs Range 145.28-175.00 164.00-165.00 Price 158.61 164.28 Price Range 320.00-340.00 314.00-319.50 308.38-330.30 290.00-327.85 322.53-322.53 - Wtd Avg Price 337.88 314.73 319.77 313.99 322.53 NATIONAL WEEKLY SLAUGHTER SHEEP REVIEW Formula Prices established for previously slaughtered lambs.(carcass basis) Domestic Weighted Average Weight: 75.9 lbs Weighted Average Net Price: 316.19 Wtd Average Dressing Percent: 50.5 WEEKLY LAMB PELTS PRICE REPORT - FOB Major Production Points Per Piece Price Pelt activity this week compared to last report: Pelt prices were steady this week, as global currency rates continue to cause issues in selling product outside the domestic market. 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: 3.00-8.00 No. 3 & 4: (0.75)-0.00 | Mostly: 4.50-7.25 Imperial's 5.00-7.50 | | Pickling skins(1.50)-(0.75) | --------------------------------------------------------Livestock Mandatory Reporting on Negotiated, Formula and Contract trades Monday, December 29, 2014 December 22, 2014 through Friday December 26, 2014 showed 11,747 pelts consisting of 73.3% wooled, 16.2% Fall Shorn No. 1, and 10.5% No. 2-4. US Grades 80s 70-80s 64-70s 64s 62s 60-62s 60s 58s 56-58s 54-56s 54s 50-54s 44-50s Fleece States None None None None None 3.20 2.92 None None 2.03 None None 1.60 Territory States None None None None None None None None None None None None None Texas and New Mexico None None None None None None None None None NA NA NA NA Domestic wool trading on a greasy basis was at a standstill this week. no confirmed trades this week. All trades reported on a weighted average. There were 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 5 at 1059 cents per Kg clean from last week. A total of 58,622 bales were offered with sales of 91.1 percent. The Australian exchange rate was stronger by .0047 at .8339 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. Micron US Grade 18 80s 19 70-80s 20 64-70s 21 64s 22 62s 23 60-62s 24 60s 25 58s 26 56-58s 28 54s 30 50s 32 46-48s Merino Clippings Clean Del Price in U.S. Dollars 4.88 4.74 4.59 4.55 4.52 4.46 ---3.67 3.31 2.95 2.80 2.56 3.24 Change from Previous Sale - .04 - .03 - .03 - .02 ----+ .02 ----+ .01 - .01 + .03 + .02 + .01 - .04 75-85 Percent of Australia 3.66-4.15 3.56-4.03 3.45-3.91 3.41-3.87 3.39-3.84 3.34-3.79 --------2.75-3.12 2.48-2.81 2.21-2.51 2.10-2.38 1.92-2.18 2.43-2.75 Eastern Market Indicator closed up 5 at 1059 cents per kg clean. Australian exchange rate was stronger by .0047 at .8339 percent of the U.S. dollar. Weekly Slaughter Lambs, Choice & Prime 2-3, Shorn & Wooled Weekly Slaughter Ewes, Good 2-4 Market News Sources 100 185 90 170 80 Price Per CWT Price Per CWT 155 140 125 110 70 60 95 40 80 30 65 J F M A M J 2014 J A S 2013 O N For additional information, contact these Livestock and Grain Market News locations 50 20 D J F M A 5 Yr Avg Weekly Feeder Lambs, Med-Large 1-2 M J J A S 2014 2013 5 Yr Avg 2014 2013 5 Yr Avg O N D Weekly Sheep Export to Mexico 235 Greeley, CO Randy Hammerstrom 970-353-9750 2,000 220 Des Moines, IA William Worlie 515-284-4460 1,750 205 Number of Head Price Per CWT 1,500 New Holland, PA Levi Geyer 717-354-2391 190 175 160 145 130 1,250 1,000 750 San Angelo, TX Rebecca Sauder 915-653-1778 500 115 250 100 85 J F M A 2014 M J J 2013 A S O 5 Yr Avg N D 0 J F M A 2014 M J J 2013 A S O 5 Yr Avg N D Sioux Falls, SD Justin Lumpkin 605-338-4061