USDA WEEKLY NATIONAL LAMB MARKET SUMMARY Livestock, Meat, Wool, Pelt, & International Markets Friday, April 20, 2012 Vol. 19 No. 16 HIGHLIGHTS NATIONAL SHEEP SUMMARY Wtd Avg Prices (unless otherwise noted) SLAUGHTER LAMBS Weekly Trends: Compared to last week heavy slaughter lambs were steady to 10.00 lower; light slaughter lambs were sharply lower. Slaughter ewes were steady to 10.00 lower, instances 20.00 lower. Feeder lambs were steady. At San Angelo, TX 3778 head sold in a one day sale. No sales in Equity Electronic Auction. All sheep sold per hundredweight (CWT) unless otherwise specified. Oklahoma: Missouri: Replacement Ewes: Medium and Large 1-2: San Angelo: mixed age hair ewes 100-125 lbs 114.00-134.00 cwt. Ft. Collins: young hair ewes and lambs 135.00-185.00 per family; solid mouth ewes and lambs 195.00-235.00 per family, few 285.00330.00. Billings: ewe lambs 87 lbs 197.00 cwt. So Dakota: open solid mouth 175 lbs 67.00 cwt; open aged 135-205 lbs 57.00-66.00 cwt. Oklahoma: ewe lambs 63 lbs 207.00 cwt; mixed age 120-140 lbs 93.00105.00 cwt. Slaughter Lambs: Choice and Prime 2-3 90-160 lbs: San Angelo: shorn and wooled 100-165 lbs 128.00-147.00, few 156.00. VA: wooled 80-110 lbs 213.00-215.00. PA: shorn and wooled 90-110 lbs 242.00-248.00; 110-130 lbs 200.00-210.00; 130-150 lbs 155.00-178.00; 150-200 lbs 166.00-178.00. Oklahoma: 110-125 lbs 132.00-151.00; 130-170 lbs 130.00-138.00. Equity Elec: no sales. Feeder Lambs: Medium and Large 1-2: San Angelo: 60-70 lbs 196.00-198.00; 74 lbs 188.00; 80-85 lbs 181.00186.00; 90-100 lbs 176.00-180.00. Ft. Collins: 40-50 lbs 225.00-245.00; 60-65 lbs 197.50-205.00; 75-85 lbs 187.50-200; 95-105 lbs 192.50-196.00. Billings: 95-115 lbs 127.00-145.00. So Dakota: 34 lbs 272.50; 47 lbs 252.50; 50-55 lbs 245.00-250.00; 75-85 lbs 217.00-218.00; 92 lbs 177.50; 90-105 lbs hair lambs 160.00-162.00. Choice & Prime 2-3 Shorn & Wooled (130 - 180 pounds) Latest Last Wk Last Yr San Angelo, TX 130.17 132.83 N/Q El Reno, OK 132.46 N/Q 156.98 Ft Collins, CO N/Q 139.17 N/Q SLAUGHTER EWES Good 2-3 & Good 3-4 NATIONAL DAILY LAMB CARCASS Slaughter Lambs: Choice and Prime 1: San Angelo: 40-60 lbs 206.00-228.00; 60-70 lbs 200.00-228.00; 7080 lbs 192.00-204.00, few 210.00; 80-90 lbs 190.00198.00; 90-105 lbs 160.00-175.00. Pennsylvania: 40-60 lbs 255.00-274.00; 60-80 lbs 242.00-272.00; 8090 lbs 230.00-254.00. Ft. Collins: 79 lbs 201.00; 95-105 lbs 183.00-187.50; 110-115 lbs 180.00-187.50. Missouri: 45-60 lbs 232.00-242.00, few 247.00; 60-90 lbs 183.00235.00; 105 lbs 174.00. Virginia: 30-60 lbs 224.00-232.00; 60-80 lbs 224.00-232.00. Oklahoma: 60-90 lbs 161.00-190.00; 90-110 lbs 156.00-171.00. Direct Trading: (lambs fob with 3-4 percent shrink or equivalent) : Slaughter Lambs shorn and wooled 110-160 lbs ID: 300: Slaughter Ewes Utility and Good 1-3 56.00. Slaughter Ewes: San Angelo: Good 2-3 (fleshy) 78.00-80.00; Utility and Good 1-3 (medium flesh) 88.00-98.00, high-yielding 102.00-110.00, low-yielding 70.00-84.00; Utility 1-2 (thin) 65.0079.00; Cull and Utility 1-2 (very thin) 60.00-68.00; Cull 1 (extremely thin) 50.00-56.00. Pennsylvania: Good 2-3 (fleshy) 80.00-106.00; Utility 1-2 (thin) 60.00-86.00. Ft. Collins: Good 3-4 (very fleshy) 70.00-76.00; Good 2-3 (fleshy) 83.00-87.50; Utility 1-2 (thin) 70.00-74.00; Cull 1 53.00-57.50. Billings, MT: Good 3-4 (very fleshy) 53.00-64.00; Good 2-3 (fleshy) 75.00-84.00; Utility and Good 1-3 (medium flesh) 65.0075.00; Utility 1-2 (thin) 61.00-70.00; Cull and Utility 1-2 (very thin) 62.00-65.00; Cull 1 36.00-42.50. So Dakota: Good 3-4 56.00-60.00; Good 2-3 60.00-65.00; Utility and Good 1-3 53.00; Utility 1-2 44.00-51.00. Oklahoma: Utility and Good 1-3 78.00-89.00; Cull 1 76.00-78.00. Missouri: Utility and Good 1-3 50.00-75.00; Cull 1 60.00-65.00. Virginia: Good 2-4 97.50-117.50; Utility 1-2 71.00. Kalona: Good 2-3 no test; Utility and Good 1-3 no test; Utility 1-2 no test. 30-60 lbs 178.00-193.00. 40-60 lbs 225.00-235.00; 40-50 lbs hair lambs 194.00204.00. Latest Negotiated sales for delivery within 14 calendar days, FOB Plant basis. Last Wk Last Yr San Angelo, TX 79.07 75.69 62.82 Compared to last week: Carcasses were mixed; 45# and down were 71.22 lower, 45# to 55# were dn 6.40, 55# to 65# were up .96, 65# to 85# and were 2.06 to St. Onge, Newell, SD 2.54 lower. DAILY CHOICE AND PRIME, YG 1-4 Weight 45-DN 45-55# 55-65# 65-75# 75-85# 85-UP Head 38 77 195 294 500 620 * SAT-FRI Weight 45-DN 45-55# 55-65# 65-75# 75-85# 85-UP Head CHOICE AND PRIME, N/Q 1,724 YG 1-4 Head N/Q 69.88 Latest 14.34% N/Q Last Wk Last Yr San Angelo, TX 176.64 180.00 184.00 St. Onge, Newell, SD Week Ending 4/7/2012: Actual FIS Sheep Slaughter 42,349 head. 39,646 Lambs, 93.6% of total sheep slaughtered. 25,461 graded, 64.22% of total lambs slaughtered. -----------------------------------------------------------------------GRADE BREAKDOWN Yield Grade (May include hindsaddles) Quality 1 2 3 4 5 Total Prime 0.89% 2.71% 2.01% 1.46% 7.07% Choice 4.16% 33.51% 35.18% 12.33% 7.75% 92.93% 37.89% N/Q Medium-Large 1-2 (90-110 pounds) USDA NATIONAL LAMB ESTIMATED GRADING PERCENT 34.40% 81.27 FEEDER LAMBS 6,400 Wt Avg 484.84 392.59 363.41 339.82 327.83 298.89 N/Q 4.16% N/Q Billings, MT H Total % N/Q Ft. Collins, CO Wt Avg 530.01 369.93 352.36 337.41 326.22 297.67 Head 204 229 630 1,303 2,182 1,852 N/Q 9.22% N/Q N/Q Ft. Collins, CO N/Q 190.00 198.17 CARCASS LAMB FOB PLANT WT AVG Last Week 45#-Dn 45-55# 55-65# 65-75# 75-85# 85#-Up 540.81 375.73 356.21 343.67 329.70 300.65 45#-Dn 45-55# 55-65# 65-75# 75-85# 85#-Up Last Year 594.89 423.00 385.49 365.23 353.39 333.09 Latest 530.01 369.93 352.36 337.41 326.22 297.67 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. H Combined Negotiated, Formula and Forward Contract sales for delivery within 14 calendar days, FOB Plant basis. Current Volume Fresh Cuts 975,272 pounds Frozen Cuts 88,757 pounds --------------------------------------------------------------------------*Items with no entries indicate non-reportable trades.* For W/E 04/07/2012 *Items with no entries indicate non-reportable trades.* CHOICE AND PRIME, YG 1-4 Weight Head 45-DN 204 45-55# 229 55-65# 630 65-75# 1,461 75-85# 2,182 85-UP 1,955 Head 6,661 Wt Avg 484.84 392.59 363.41 341.15 327.83 299.38 Monday Tuesday Wednesday Thursday Friday Saturday CHOICE AND PRIME, YG 5 Weight Head 45-DN 0 45-55# 55-65# 65-75# 75-85# 85-UP Head 708 Wt Avg Total CERTIFIED FRESH AMERICAN LAMB Weight Head Head UNGRADED Weight 45-DN 45-55# 55-65# 65-75# 75-85# 85-UP Head FRESH CHOICE & PRIME CUTS # Of Total Weighted Change from IMPS Sub-Primal Trades Pound Average Prior Days --------------------------------------------------------------------------200A Carcass, 3-way, 55/65 3 3,137 $379.91 0.38 204 Rack, 8-Rib, light 5 711 $726.80 (2.72) 204 Rack, 8-Rib, medium 63 16,642 $709.92 (0.28) 204A Rack, chined 41 11,329 $873.54 10.78 204B Rack, roast-ready 22 6,875 $1,052.26 9.51 204C Rack, roast-ready, frenched 125 27,963 $1,332.85 (81.65) 204D Rack, roast-ready, special 6 692 $1,721.13 (5.24) 206 Shoulders 88 109,249 $238.72 2.38 207 Shoulders, square-cut 144 88,936 $268.87 (8.30) 208 Shoulders, square-cut, bnls 53 29,280 $313.14 (4.43) 209 Breast 125 54,472 $141.72 (0.72) Breast, bulk 19 22,035 $116.65 (12.43) 209A Ribs, Breast bones off 38 2,137 $486.33 (17.50) 210 Foreshank 173 22,011 $466.70 1.33 231 Loins 28 3,838 $425.48 2.42 232 Loins, trimmed 4x4 92 23,325 $506.69 (10.03) 232 Loins, trimmed 2x2 14 3,273 $753.04 11.50 232 Loins, trimmed 1x1 112 28,832 $719.66 12.47 232 Loins, trimmed 0x0 29 4,353 $849.23 (6.56) 232A Loins, short-cut, 1x1 19 4,130 $683.42 (14.41) 232A Loins, short-cut, 0x0 7 616 $782.44 2.27 232C Loin, boneless, tied 15 642 $1,534.56 (30.38) 232E Flank, untrimmed 14 59,099 $94.59 (1.13) 233 Legs 39 14,535 $430.64 (2.35) 233A Leg, trotter-off 171 39,734 $424.14 7.39 233C Leg, trotter-off, partial bnl 47 11,529 $572.19 (12.30) 233E Leg, steamship 18 2,051 $547.35 (0.54) 233F Hindshank 77 13,334 $466.75 (5.95) 234 Leg, Boneless, Tied 104 21,419 $620.46 9.71 234A Leg, shank off, bnls 30 7,492 $652.48 0.40 234E Leg, inside, boneless 72 13,202 $812.44 (2.71) 234G Sirloin, boneless 17 968 $761.52 22.34 236 Back, trimmed 29 1,147 $785.85 5.99 238 Trimmings 30 4,712 $495.63 3.30 239 Special trimmings 10 270 $515.19 (6.11) 245 Sirloin 4 252 $949.19 276.36 246 Tenderloin 3 134 $1,221.51 (7.02) 295 Lamb for stewing 36 5,143 $711.46 2.57 296 Ground lamb 124 19,281 $596.29 (0.16) Necks 37 16,534 $116.98 (1.83) --------------------------------------------------------------------------FROZEN CHOICE & PRIME CUTS # Of Total Weighted Change from IMPS Sub-Primal Trades Pound Average Prior Days --------------------------------------------------------------------------209 Breast 3 4,578 $112.59 0.00 210 Foreshank 5 1,202 $449.85 51.31 230 Hindsaddle 3 227 $453.85 1.18 232E Flank, untrimmed 3 3,411 $130.04 233A Leg, trotter-off 4 8,159 $318.34 (1.45) 233F Hindshank 10 1,137 $434.70 14.22 234 Leg, Boneless, Tied 8 2,132 $725.91 2.65 234E Leg, inside, boneless 12 1,804 $828.59 (14.67) 238 Trimmings 5 1,400 $140.40 (184.37) 295 Lamb for stewing 16 3,512 $696.91 0.10 296 Ground lamb 39 7,288 $564.94 3.96 Necks 26 6,360 $133.06 0.90 ACTUAL SLAUGHTER UNDER FEDERAL INSPECTION NATIONAL WEEKLY COMPREHENSIVE LAMB CARCASS NATIONAL BOXED LAMB CUTS Lambs & Yearlings 93.6% Mature Sheep 6.4% RED MEAT PRODUCTION (Estimated, except *Actual*) Wt Avg Head 64 62 77 67 41 112 Production Mil.Lbs. 423 Wt Avg 364.82 359.95 328.66 326.43 258.73 272.21 USDA ESTIMATED NATIONAL LAMB CARCASS CUTOUT Based on 5-Day Rolling weighted average FOB plant prices collected under Mandatory Price Reporting and industry yields. 21-Apr-2012 14-Apr-2012 Change *23-Apr-2011* Change 2012 YTD: *2011 YTD:* Change 07-Apr-2012 21-Apr-2012 14-Apr-2012 *23-Apr-2011* 07-Apr-2012 FORESADDLE VALUE HINDSADDLE VALUE 21-Apr-2012 14-Apr-2012 Change *23-Apr-2011* Change 2012 YTD: *2011 YTD: Change 350.54 419.71 -3.89 2.71 49.20% 46.24% 33.95 31.91 Carcass value less process/packaging per cwt cost of $31.50 NET CARCASS VALUE 335.07 -0.66 * Shrink and trim of 3.14 lbs. not reflected in cutout value * Based on Actual Federally Inspected Slaughter Carcass Weight of 69 lbs. for W/E 04/07/2012, 3.0 lbs lighter than last week. **Includes Fresh and Frozen Product 2.5 2.8 -10.7% 3.5 -28.6% 45.3 45.7 0.9% 2.9 Average Live Weights CUTS FOB PRICE CHANGE % CARCASS LBS. FORESADDLE 204 RACK, 8-RIB MEDIUM 709.92 -0.28 10.77% 7.43 209 BREAST ** 133.34 -3.90 8.85% 6.11 207 SHOULDERS, SQ-CUT 270.47 -6.70 23.53% 16.24 210 FORESHANK 466.70 1.32 3.82% 2.64 NECK ** 121.45 -0.56 2.22% 1.53 HINDSADDLE 232 LOINS, TRIMMED 4X4 506.69 -10.03 10.97% 7.57 232E FLANK UNTRIMMED ** 96.52 -0.08 3.39% 2.34 233A LEG, TROTTER OFF 424.14 7.39 31.88% 22.00 ----------------------------------------------------------------GROSS CARCASS VALUE: 366.57 -0.66 95.45% 65.86 H 10,474 7,908 8,438 8,011 7,473 45 -----42,349 150 150 140 138 Dressed 21-Apr-2012 14-Apr-2012 *23-Apr-2011* 07-Apr-2012 75 75 70 69 Slaughter 34,000 37,000 -8.1% 49,000 -30.6% 559,000 631,000 -11.4% 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 & MUTTON IMPORTS 04/07/2012 a a n / - ------------------------------------rd : Sheep l :-------------------------------s : Total Mature Lambs & : 2/ Sheep Yearlings ------------------------------------1,000 head 1 1.1 0.1 1.0 2 5.6 0.4 5.1 3 2.5 0.1 2.4 4 1.0 0.2 0.8 5 7.4 0.5 6.9 6 0.4 0.2 0.2 7 0.1 0.1 8 19.0 1.0 18.0 9 4.8 0.1 4.6 10 0.5 0.5 ------------------------------------------U.S. 2/ : 42.3 2.7 39.6 ------------------------------------------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 03/31/12 54,403 4,458 5,420 394,991 Year Ago YTD YTD 04/09/11 2012 2011 52,422 737,859 754,978 4,922 61,517 66,034 3,460 45,892 40,754 387,254 5,546,279 5,605,875 %Change Slaughter Lambs Ewes Breeding Males Breeding Females Total WEEK-TO-DATE 0 0 0 0 0 YR-TO-DATE *2012* 0 0 0 0 0 0 0 0 0 0 -2.3% -6.8% 12.6% -1.1% PREV YTD PERCENT *2011* CHANGE Slaughter Lambs Ewes Breeding Males Breeding Females Total 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Previous Y-T-D* 0 3,613 0 0 3,613 3-Mar-12 3-Mar-12 5-Mar-11 Australia 49 0 391 3337 3187 2012 to 2011 by % -4.73% 0 0 0 0 0 Canada 02/26/12-03/03/12 0 0 0 0 0 TOTAL 49 0 0 7 57 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2 N Zeal 0 0 209 2351 2178 Other 7 0 0 7 15 Total 57 0 600 5696 5382 7.95% -7.92% 54.24% -5.85% NATIONAL WEEKLY LAMB CARCASS AND LAMB CUTS - IMPORTED *Items with no entries indicate non- reportable trades* AUS = Australian Negotiated Sales 0-21 days: Fresh Cuts = 476,755 Frozen Cuts = 780,155 Negotiated Sales 22/up days: Fresh Cuts = Frozen Cuts = 1,118 NZ = New Zealand Pounds Pounds Pounds Pounds -------------------------------------------------------------------------------NEGOTIATED SALES 0-21 DAYS, FRESH # of Total Weighted Sub-Primal Trades Pounds Price Range Average -------------------------------------------------------------------------------8 8 3,188 4,744 967.00-1,188.00 1,043.00-1,329.00 1,074.18 1,099.56 -------------------------------------------------------------------------------NEGOTIATED SALES 0-21 DAYS, FROZEN # of Total Weighted Sub-Primal Trades Pounds Price Range Average -------------------------------------------------------------------------------- US TO MEXICO WEEKLY LIVESTOCK EXPORT SUMMARY Previous Current Week Y-T-D 03/31/2012 LAMB Wk Ending Prev Week Year Ago 2011 YTD 2012 YTD AUS Rack, FR, Cap-off, 20-24 oz AUS Rack, FR, Cap-off, 24-28 oz 0 3,613 0 0 3,613 H Current Week 04/07/2012 METRIC TONS OF MUTTON FOR REPORTING PERIOD: Australia 0 0 Canada 0 0 New Zealand 0 0 Other 0 0 Total 0 0 WEEKLY VOLUME Texas to Mexico Daily Livestock Exports THURSDAY, 04/19/2012 02/26/12-03/03/12 Cuts Misc Fresh Processed 0 13 0 0 0 0 0 0 0 0 0 0 0 13 0 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. CANADIAN FEDERALLY INSPECTED SLAUGHTER Current 04/07/12 41,747 4,607 4,491 342,847 METRIC TONS OF LAMB FOR REPORTING PERIOD: COUNTRY OF ORIGIN Manufact Carcasses Australia 0 37 Canada 0 0 New Zealand 0 0 Other 0 7 Total 0 44 PERCENT CHANGE . % AUS Rack, FR, Cap-off, 20 oz/dn 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 Foreshank, LP NZ Rack, FR, Cap-off, 12 oz/dn 9 21 13 3 18 33 7 25,386 36,326 29,829 1,095 96,072 55,206 2,001 905.00 -1,319.00 905.00-1,390.00 905.00-1,240.00 1,043.00 -1,324.00 184.00 - 235.00 242.00 - 320.00 1,244.00-1,385.00 946.57 1,019.94 1,045.06 1,119.06 199.07 256.41 1,314.69 Regional Weekly Summaries NATIONAL WOOL REVIEW MOUNTAIN AREAS AND WESTERN UNITED STATES DIRECT SHEEP Receipts: 300 Last Week: 2235 Last Year: 0 Compared to last week: slaughter ewes mostly steady. Demand light to moderate and trade activity moderate. All of the supply consisted of slaughter ewes. Feeder lamb sales FOB with overnight stand or equivalent 3-4 percent shrink unless otherwise noted. SOUTH CENTRAL DIRECT SHEEP Feeder Lambs: Trading at a standstill this week. Supplies of feeder lambs remain very limited. TX: 500 Medium and Large 1-2 100 new crop 160.00 with .50 slide up to 105 lbs and a stop payment at 105 lbs. Slaughter Lambs: TX: None. Slaughter Ewes: TX: None. Replacement Ewes: TX: None. NATIONAL DAILY LAMB REPORT Receipts: This Period Week to Date Last Week Total Last Year Total Negotiated 5,440 5,440 2,817 2,557 Formula 10,125 10,125 9,353 13,160 Comments: Compared to last week, negotiated slaughter lambs were mostly steady. Formulated slaughter lambs were 6.00 to 7.00 lower. NEGOTIATED PURCHASES Slaughter Lambs: Live Basis - Choice and Prime Head Weight Wtd Avg Wtd Avg Count Range Weight Dr pct Wooled and 5,440 100-161 145.5 50.4 Shorn FORMULA PURCHASES Slaughter Lambs: Carcass Basis - Choice and Prime Head Weight Wtd Avg Wtd Avg Count Range Weight Dr pct 84 under 55 lbs 41.7 49.4 831 55-65 lbs 60.5 48.7 1,346 65-75 lbs 69.7 48.4 2,671 75-85 lbs 78.7 49.6 5,193 over 85 lbs 98.1 50.5 Price Range Wtd Avg Price 140.00-161.00 149.60 Price Range 400.00-460.00 326.53-331.00 307.00-335.01 274.50-347.47 251.50-327.54 Wtd Avg Price 421.43 328.35 316.13 317.83 303.42 NATIONAL WEEKLY SLAUGHTER SHEEP REVIEW Negotiated Sales: This Week: 2800 Last Week: 2800 Last Year: 2900 Compared to last week, negotiated slaughter lambs were mostly steady. Formulated slaughter lambs were 6.00 to 7.00 lower. Negotiated sales fob unless otherwise noted. WEEKLY LAMB PELTS PRICE REPORT - FOB Major Production Points Per Piece Price Pelt activity this week compared to last report: Packer sorted green pelts were steady to mostly 2.00 lower. Demand was light to moderate with moderate offerings. PELT TYPES: PACKER, SEED FREE, MOSTLY GOOD DENSITY WOOL SHORN Price Range UNSHORN Price Range -------------------------------------------------------Fall Clips 14.00 - 20.00 Wools 13.00 - 17.00 mostly 14.00 - 17.00 (suitable to tan, wool on) Pickling skins No. 1 13.00 - 17.00 Springers: mostly 13.00 - 16.00 No. 2 10.00 - 14.00 Western Slope, mostly 10.00 - 12.00 No. 3 4.00 - 5.00 California, No. 4 3.00 - 5.00 Heavy seedy Idaho, Kansas, Imperial's Midwest, Fall Clips Native(Gray) No. 1 No. 2 Milk Lambs 3.50 - 4.00 mostly 3.50 -------------------------------------------------------Livestock Mandatory Reporting on Negotiated, Formula and Contract trades Saturday April 14, 2012 through Friday April 20, 2012 showed 15,621 pelts consisting of 43.91% wooled, 42.51% Fall Shorn No. 1, 13.58% No. 2, and 0% 3 & 4. Domestic wool trading on a clean basis was moderate. There was 438,400 lbs of confirmed sales this week. Demand moderate to good. Early Texas wools are coming in 2-3 percent heavier than last year and a little shorter. All prices reported on a weighted average. Domestic clean wool, confirmed trades, and 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. Micron 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30-34 US Grades 80s 80s 80s 70-80s 64-70s 64s 62s 60-62s 60s 58s 56-58s 54-56s 54s 50-54s 44-50s Fleece States NA NA None None None None None None None None None None None None None Territory States None None None None 5.27* None 5.13* 4.83* 4.01* None None None None None None Texas and New Mexico None None None 4.96* 4.71* None None None None None None NA NA NA NA Domestic wool trading on a greasy basis was moderate. There was 51,200 lbs of confirmed sales this week. All prices reported on a weighted average. Territory States: Yearling wools: 20 micron BO Pack 68-72 mm 2.63; 22 micron BO Pack 70 mm 2.06. Texas: bellies 1.30. Domestic wool tags are delivered to buyer and reported on a greasy basis: Number 1 tags Number 2 tags Number 3 tags .70-.80 .50-.60 .40-.50 The FSA effective LDP rate for wool is unchanged at .00 per pound. The FSA effective LDP rate for mohair is unchanged at .00 per pound. In Australia this week the Eastern Market Indicator was down 26 at 1165 cents per Kg clean from two weeks ago. A total of 55,594 bales were offered with sales of 84.6 percent. The Australian exchange rate was weaker by .0075 at 1.0658 percent of the U.S. dollar. The sale next week has a total offering of 41,616 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 75-80 percent of Australia price range can be used as an estimated value of clean 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 US Dollars 6.94 6.60 6.41 6.27 6.11 5.92 5.58 4.75 4.07 3.19 2.87 2.56 3.61 Change from Last Week - .13 - .05 - .04 - .06 - .09 - .10 - .04 + .05 + .01 + .02 + .03 + .01 + .03 75-85 Percent of Australia 5.21-5.90 4.95-5.61 4.80-5.44 4.71-5.33 4.58-5.19 4.44-5.03 4.19-4.74 3.56-4.04 3.05-3.46 2.39-2.71 2.15-2.44 1.92-2.17 2.70-3.06 Eastern Market Indicator closed down 26 at 1165 cents per kg clean. Australian exchange rate was weaker .0075 at 1.0358 percent of the U.S. dollar. Weekly Choice & Prime 65-75# Carcass 415 390 395 370 375 350 355 330 Price Per CWT Price Per CWT Weekly Choice & Prime 55-65# Carcass 335 315 295 310 290 250 255 230 235 210 215 190 F M A M J 2012 J A 2011 S O N For additional information, contact these Livestock and Grain Market News locations 270 275 J Market News Sources J D F M A M J 2012 5 Yr Avg J A 2011 S O N D Des Moines, IA Bill Sumpter 515-284-4460 5 Yr Avg Greeley, CO Randy Hammerstrom 970-353-9750 Weekly Choice & Prime 85#'s Up Carcass Weekly Ungraded 65-75# Carcass 375 380 350 355 New Holland, PA Levi Geyer 717-354-2391 330 325 Price Per CWT Price Per CWT 305 300 275 250 280 San Angelo, TX Rebecca Sauder 915-653-1778 255 230 205 225 180 200 Sioux Falls, SD Justin Lumpkin 605-338-4061 155 175 J F M A M 2012 J J 2011 A S 5 Yr Avg O N D 130 J F M A M 2012 J J 2011 A S 5 Yr Avg O N D