USDA WEEKLY NATIONAL LAMB MARKET SUMMARY Livestock, Meat, Wool, Pelt, & International Markets Friday, January 28, 2011 NATIONAL SHEEP SUMMARY Weekly Trends: Compared to last week slaughter lambs very uneven, steady to 5.00 lower at New Holland, PA and firm to 6.00 higher at San Angelo, TX; slaughter ewes steady to 4.00 lower, except at New Holland 5.0010.00 higher; feeder lambs sharply higher. At San Angelo, TX 3463 head sold this week. Equity Electronic Auction sold 310 slaughter lambs in North Dakota and 90 slaughter ewes in Nebraska Slaughter Lambs: Choice and Prime 2-3 90-160 lbs: San Angelo: shorn and wooled 105-155 lbs 169.00-180.00, few 182.00-185.00. Eastern Area (VA and PA): wooled 90-110 lbs 164.00-198.00; 110-130 lbs 152.00193.00 in VA and in PA shorn and wooled 90-110 lbs 208.00-222.00; 110-130 lbs 190.00-204.00; 130-150 lbs 173.00-187.00; 150-200 lbs 174.00-180.00. Ft. Collins, CO:wooled 95-140 lbs 157.50-167.50. Kalona, IA: wooled 100-125 lbs 166.00-180.50; 150-165 lbs 163.00165.50 South Dakota: shorn 125-155 lbs 163.00-167.00; wooled 135-165 lbs 163.50-166.00. Missouri: 100-170 lbs 132.50-195.00. Equity Elec: shorn 140 lbs 164.00. Slaughter Lambs: Choice and Prime 1: San Angelo: 40-60 lbs 200.00-212.00, set 216.00; 60-70 lbs 190.00206.00; 70-80 lbs 182.00-200.00; 80-85 lbs 190.00196.00; 90-100 lbs 174.00-182.00. Pennsylvania: 50-60 lbs 230.00-242.00; 60-80 lbs 222.00-242.00; 8090 lbs 214.00-228.00. Kalona, IA: 70-80 lbs 200.00-205.00; 85-90 lbs 175.50-182.50. Ft. Collins: 85 lbs 140.00. Missouri: 30-40 lbs 175.00-215.00; 40-50 lbs 160.00-232.00; 5080 lbs 183.00-232.00; 80-100 lbs 168.00-206.00. Virginia: 60-90 lbs 184.00-217.00. South Dakota: 90-95 lbs 160.00-181.00. Equity Elec: Utility 1-2 77.50. Direct Trading: (lambs fob with 3-4 percent shrink or equivalent) Slaughter Ewes: San Angelo: Good 2-3 (fleshy) 78.00-82.00; Utility and Good 1-3 (medium flesh) 86.00-96.00; Utility 1-2 (thin) 74.0084.00; Utility and Cull 1-2 (very thin) 64.00-74.00; Cull 1 (extremely thin) 60.00-62.00. Pennsylvania: Good 2-3 (fleshy) 119.00-144.00; Utility 1-2 (thin) 98.00-118.00. Ft. Collins: Good 3-5 (very fleshy) 69.00-75.00; Good 2-3 (fleshy) 77.00-82.00; Utility 1-2 (thin) 68.00-75.00; Cull 1 (extremely thin) 63.00-70.00. Billings, MT: Utility and Good 1-3 (medium flesh) 76.00-82.50; Utility 1-2 (thin) 80.00-82.00; Cull and Utility 1-2 (very thin) 67.00-70.00; Cull 1 (extremely thin) 42.00-48.00. So Dakota: Good 3-4 73.50-88.00; Good 2-3 76.50-97.00; Utility 1-2 70.00-81.00; Cull 1 69.00-81.00. Missouri: Utility and Good 1-3 85.00-130.00; Cull and Utility 1-2 72.00-82.00. Virginia: Good 2-4 90.00-144.00; Utility 1-2 146.00. Kalona: Good 2-3 81.00-83.50; Utility and Good 1-3 (medium flesh) 85.00-91.00; Utility 1-2 70.00-85.00. Feeder Lambs: Medium and Large 1-2: San Angelo: 60-95 lbs 185.00-194.00; new crop 70-90 lbs 202.00216.00. Ft. Collins: 68 lbs 196.00; 73 lbs 204.00; 102 lbs 176.00; 110-120 lbs 167.00-173.00; 120-125 lbs 157.00-160. Billings: 58 lbs 223.00; 60-70 lbs 202.50-219.00; 70-80 lbs 213.00-219.00; 80-85 lbs 205.00-212.00; 90-100 lbs 184.00-185.50; 100-110 lbs 174.50-182.50; 110-120 lbs 173.50-175.50; 125 lbs 165.00. Kalona: 90-95 lbs 173.50-186.00. So Dakota: 56 lbs 212.00; 60-70 lbs 221.00-222.50; 75-80 lbs 226.00-231.00; 80-90 lbs 218.00-227.00; 90-100 lbs 208.00-214.00; 100-110 lbs 184.00-190.00; 110-125 lbs 177.00-178.00. Oklahoma: no test. Missouri: 35-50 lbs 152.50-167.50; hair lambs 20-30 lbs 160.00175.00, 30-40 lbs 140.00-167.50; 50-60 lbs 125.00150.00. Replacement Ewes: Medium and Large 1-2: Ft. Collins: Ewe lambs 230 lbs 265.00 per head; baby tooth to solid mouth 270.00-340.00 per head; solid mouth 180.00-195.00 per head; broken mouth 130.00 per head. Billings: Bred yearlings 260.00-285.00 per head; bred baby tooth to solid mouth 227.50-270.00 per head; bred solid mouth 185.00-250.00 per head; bred broken mouth 120.00-195.00 per head; other mixed age 130-175 lbs 81.00-84.00 cwt. So Dakota: Bred solid to short solid mouth 180.00 per head. Kalona, IA: Bred baby tooth to solid mouth blackfacee 210.00-220.00 per head; mixed age whiteface 160.00-185.00 per head. Missouri: Mixed age 165 lbs 125.00 cwt; mixed age hair ewes 75-125 lbs 115.00-140.00 cwt; hair ewes and lambs 110.00-245.00 per family. NATIONAL DAILY LAMB CARCASS Negotiated sales for delivery within 14 calendar days, FOB Plant basis. Compared to last week: Carcasses steady to higher; 65#'s and down trended unevenly steady, 65#'s and up trended 0.58-1.33 higher. DAILY CHOICE AND PRIME, YG 1-4 Weight Head 45-DN 63 45-55# 99 55-65# 90 65-75# 214 75-85# 353 85-UP 209 * SAT-FRI Weight 45-DN 45-55# 55-65# 65-75# 75-85# 85-UP H CHOICE AND PRIME, Head 241 351 756 2,102 2,798 1,506 YG Head 1-4 Head 1,028 Wt Avg 405.94 336.77 329.12 299.06 296.22 296.00 7,754 Wt Avg 368.95 332.51 312.65 299.18 293.99 291.24 USDA NATIONAL LAMB ESTIMATED GRADING PERCENT Week Ending 1/15/2011: Actual FIS Sheep Slaughter 36,036 head. 33,585 Lambs, 93.2% of total sheep slaughtered. 27,323 graded, 81.35% of total lambs slaughtered. -----------------------------------------------------------------------GRADE BREAKDOWN Yield Grade (May include hindsaddles) Quality 1 2 3 4 5 Total Prime 0.00% 1.46% 3.63% 2.90% 0.64% 8.63% Choice 4.30% 27.95% 42.10% 14.93% 2.08% 91.37% Total % 4.30% 29.41% 45.73% 17.83% 2.72% Vol. 18 No. 04 HIGHLIGHTS Wtd Avg Prices (unless otherwise noted) SLAUGHTER LAMBS Choice & Prime 2-3 Shorn & Wooled (130 - 180 pounds) Latest Last Wk Last Yr San Angelo, TX N/Q N/Q 93.31 El Reno, OK (Simp1e Avg) N/Q 152.50 N/Q Ft Collins, CO N/Q 139.79 N/Q SLAUGHTER EWES Good 2-3 & Good 3-4 Latest Last Wk Last Yr San Angelo, TX 79.65 76.79 69.27 St. Onge, Newell, SD 76.24 80.00 65.10 Ft. Collins, CO 73.21 87.55 62.50 Billings, MT N/Q N/Q 62.09 FEEDER LAMBS Medium-Large 1-2 (90-110 pounds) Latest Last Wk Last Yr San Angelo, TX 186.24 N/Q 113.52 St. Onge, Newell, SD 197.20 163.19 110.25 Ft. Collins, CO 176.00 197.50 115.00 CARCASS LAMB FOB PLANT WT AVG 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 Latest 442.31 405.94 352.95 336.77 326.21 329.12 304.69 299.06 291.00 296.22 289.00 296.00 Last Year 332.26 260.48 240.06 198.68 194.57 190.68 NATIONAL BOXED LAMB CUTS ACTUAL SLAUGHTER UNDER FEDERAL INSPECTION 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. NATIONAL WEEKLY COMPREHENSIVE LAMB CARCASS H Current Volume Fresh Cuts 926,847 pounds Frozen Cuts 239,832 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 5,358 $317.05 0.00 204 Rack, 8-Rib, light 4 318 $828.44 23.77 204 Rack, 8-Rib, medium 68 19,558 $788.87 6.12 204 Rack, 8-Rib, heavy 6 1,207 $796.87 0.00 204A Rack, chined 37 9,717 $892.15 20.94 204B Rack, roast-ready 19 5,366 $995.03 26.29 204C Rack, roast-ready, frenched 138 16,648 $1,437.98 7.88 204D Rack, roast-ready, special 8 942 $1,760.66 (92.83) 206 Shoulders 102 101,293 $228.63 2.16 207 Shoulders, square-cut 150 100,479 $272.98 (2.57) 208 Shoulders, square-cut, bnls 46 17,313 $341.12 (22.09) 209 Breast 100 35,409 $134.20 4.48 Breast, bulk 22 28,850 $111.16 (5.87) 209A Ribs, Breast bones off 33 4,351 $448.25 (2.67) 210 Foreshank 260 37,267 $356.86 3.17 230 Hindsaddle 6 250 $359.36 (13.39) 231 Loins 25 3,776 $384.65 (0.46) 232 Loins, trimmed 4x4 75 13,674 $465.30 9.95 232 Loins, trimmed 2x2 5 72 $815.69 0.04 232 Loins, trimmed 1x1 20 6,968 $661.65 4.78 232A Loins, short-cut, 2x2 17 2,514 $570.21 1.34 232A Loins, short-cut, 1x1 71 21,442 $580.02 (31.45) 232A Loins, short-cut, 0x0 36 8,728 $729.00 (6.24) 232C Loin, boneless, tied 10 674 $1,272.08 (55.14) 232E Flank, untrimmed 18 38,209 $56.25 (2.95) 233 Legs 55 16,535 $375.25 4.44 233A Leg, trotter-off 160 88,837 $375.95 (2.84) 233C Leg, trotter-off, partial bnl 50 7,525 $518.50 (8.46) 233E Leg, steamship 30 3,940 $494.57 (23.31) 233F Hindshank 105 28,418 $343.85 0.69 234 Leg, Boneless, Tied 129 60,438 $521.96 (11.40) 234A Leg, shank off, bnls 49 9,192 $596.22 (0.74) 234E Leg, inside, boneless 70 8,355 $635.68 1.19 234G Sirloin, boneless 36 2,251 $611.60 (0.37) 236 Back, trimmed 20 334 $705.73 (6.66) 238 Trimmings 35 4,621 $359.97 (3.25) 239 Special trimmings 15 410 $372.54 4.18 245 Sirloin 4 1,298 $527.17 66.35 295 Lamb for stewing 71 13,802 $581.83 (9.75) 296 Ground lamb 170 25,405 $486.21 1.83 Necks 50 15,362 $117.43 4.62 --------------------------------------------------------------------------FROZEN CHOICE & PRIME CUTS # Of Total Weighted Change from IMPS Sub-Primal Trades Pound Average Prior Days --------------------------------------------------------------------------209 Breast 6 18,483 $116.76 (13.27) 210 Foreshank 8 2,207 $336.77 5.21 232 Loins, trimmed 4x4 5 2,482 $382.46 7.08 232 Loins, trimmed 2x2 3 1,413 $667.00 (10.07) 232 Loins, trimmed 1x1 5 16,841 $527.57 (3.44) 232E Flank, untrimmed 6 1,102 $88.66 0.07 233A Leg, trotter-off 6 16,760 $351.74 13.34 233F Hindshank 15 19,394 $223.54 (1.45) 234 Leg, Boneless, Tied 8 2,068 $690.07 211.37 234E Leg, inside, boneless 20 1,420 $666.33 (18.93) 238 Trimmings 10 22,204 $92.24 2.72 295 Lamb for stewing 29 5,697 $562.81 (8.53) 296 Ground lamb 40 8,066 $520.70 12.21 Necks 18 13,690 $79.14 7.17 --------------------------------------------------------------------------- Combined Negotiated, Formula and Forward Contract sales for delivery within 14 calendar days, FOB Plant basis. For W/E 01/15/2011 *Items with no entries indicate non-reportable trades.* CHOICE AND PRIME, YG 1-4 Weight Head 45-DN 241 45-55# 351 55-65# 756 65-75# 2,230 75-85# 3,028 85-UP 1,792 Head 8,398 Wt Avg 368.95 332.51 312.65 299.46 293.92 291.30 Monday Tuesday Wednesday Thursday Friday Saturday CHOICE AND PRIME, YG 5 Weight Head 45-DN 45-55# 55-65# 65-75# 75-85# 85-UP Head 601 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 Lambs & Yearlings 93.2 Mature Sheep 6.8% RED MEAT PRODUCTION (Estimated, except *Actual*) Wt Avg Head 129 97 132 75 40 30 Production Mil.Lbs. 503 Wt Avg 322.80 315.66 301.39 283.34 217.91 206.55 29-Jan-2011 22-Jan-2011 Change *30-Jan-2010* Change 2011 YTD: *2010 YTD: * Change *15-Jan-2011* 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 % CARCAS LBS. FORESADDLE 204 RACK, 8-RIB MEDIUM 788.87 6.12 10.77% 7.65 209 BREAST ** 98.40 -24.45 8.85% 6.28 207 SHOULDERS, SQ-CUT 272.98 -2.56 23.53% 16.71 210 FORESHANK 356.86 3.17 3.82% 2.71 NECK ** 99.39 12.51 2.22% 1.58 HINDSADDLE 232 LOINS, TRIMMED 4X4 465.30 9.95 10.97% 7.79 232E FLANK UNTRIMMED ** 57.16 -2.93 3.39% 2.41 233A LEG, TROTTER OFF 375.95 -2.85 31.88% 22.64 ----------------------------------------------------------------GROSS CARCASS VALUE: 346.64 -1.62 95.45% 67.77 FORESADDLE VALUE HINDSADDLE VALUE 353.22 373.78 -3.47 0.18 49.20% 46.24% 34.93 32.83 Carcass value less process/packaging per cwt cost of $31.50 NET CARCASS VALUE 315.14 -1.62 * Shrink and trim of 3.23 lb's not reflected in cutout value * Based on Actual Federally Inspected Slaughter Carcass Weight of 71 lbs. for W/E 1/15/2011, unchanged from last week. *Includes Fresh and Frozen Product H 6,959 8,876 8,070 8,331 3,765 35 -----36,036 2.5 2.6 -3.8% 3.0 -16.7% 10.4 12.3 -15.2% 2.5 Average Live Weights 29-Jan-2011 22-Jan-2011 *30-Jan-2010* *15-Jan-2011* 141 139 141 141 Dressed 29-Jan-2011 22-Jan-2011 *30-Jan-2010* *15-Jan-2011* 71 70 71 71 Slaughter 29-Jan-2011 22-Jan-2011 Change *30-Jan-2010* Change 2011 YTD: *2010 YTD: Change 36,000 37,000 -2.7% 42,000 -14.3% 146,000 173,000 -15.6% US FEDERALLY INSPECTED SLAUGHTER BY REGION Week Ending S F R t e e d r o 1 ----- ----------------rd : l :-----------s : Total : 2/ ----------------1,000 1 : 0.5 2 : 2.2 3 : 1.5 4 : 0.6 5 : 7.3 6 : 0.4 7 : 4.5 8 : 13.7 9 : 4.8 10 : 0.4 ----------------------U.S. 2/ : 36.0 ----------------------1/ 2/ a d g n e i a a n / - LAMB & MUTTON IMPORTS 01/15/2011 ---S ---Ma S ---head h t h - e u e - e r e - ---p ---e p ---- --------- 0 0 0 0 0 0 0 0 0 0 ----2 ----- . . . . . . . . . . . - 1 3 0 2 7 1 0 9 1 0 ------5 ------- -L Ye -- a a - 1 3 - m r - b l - ---s & ings ---- 0 1 1 0 6 0 4 2 4 0 3 - . . . . . . . . . . . - 4 9 5 4 6 3 5 8 8 4 6 ------ 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. Totals may not add due to rounding. METRIC TONS OF LAMB FOR REPORTING PERIOD: 12/5/10-12/11/10 COUNTRY OF ORIGIN Manufact Carcasses Cuts Misc Fresh Processed Australia 0 0 733 2 0 Canada 0 0 0 0 0 New Zealand 0 0 353 1 0 Other 0 0 8 0 0 Total 0 0 1094 0 1098 12/5/10-12/11/10 0 0 0 0 0 0 0 0 0 0 0 0 14 0 0 0 0 0 0 14 0 0 0 28 33 N Zeal 354 352 429 13575 15429 Other 8 7 0 65 158 Total 1098 957 1174 38636 37926 119.38% 113.66% 242.36% 98.16% METRIC TONS OF MUTTON FOR REPORTING PERIOD: Australia 0 14 Canada 0 0 New Zealand 0 0 Other 0 0 Total 0 LAMB Wk Ending Prev Week Year Ago 2009 YTD 2010 YTD 14 Australia 11-Dec-10 735 4-Dec-10 598 12-Dec-09 852 24968 22307 2010 to 2009 by % 89.34% Canada 3 TOTAL 735 0 354 8 NATIONAL WEEKLY LAMB CARCASS AND LAMB CUTS - IMPORTED CANADIAN FEDERALLY INSPECTED SLAUGHTER Cattle: Calves: Sheep: Hogs: Current Week Ago Year Ago 01/15/11 01/08/11 01/16/10 59,273 52,682 62,240 4,824 4,083 4,780 2,992 2,842 3,014 433,611 386,537 435,886 YTD 2011 111,955 8,907 5,834 820,148 YTD 2010 123,865 8,997 5,197 873,939 %Change *Items with no entries indicate non-reportable trades* -9.6% -1.0% 12.3% -6.2% Slaughter Lambs Ewes Breeding Males Breeding Females Total WEEK-TO-DATE YR-TO-DATE *2011* 0 400 0 0 400 0 400 0 0 400 0 2,553 0 0 2,553 PREV YTD *2010* 0 6,053 0 0 6,053 PERCENT CHANGE - 57.82% H US TO MEXICO WEEKLY SHEEP EXPORT FIGURES Current Week 01/22/2011 Previous Current Week Y-T-D 01/15/2011 WEEKLY VOLUME AUS = Australian NZ = New Zealand Negotiated Sales 0-21 days: Negotiated Sales 22/Up days Fresh Cuts Frozen Cuts Fresh Cuts Frozen Cuts = = 733,731 Pounds 544,956 Pounds = = 0 0 Pounds Pounds -------------------------------------------------------------------------------NEGOTIATED SALES 0-21 DAYS, FRESH # of Total Weighted Sub-Primal Trades Pounds Price Range Average -------------------------------------------------------------------------------- TEXAS SHEEP EXPORT FIGURES THURSDAY, 01/27/2011 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. Previous Y-T-D* Slaughter Lambs Ewes Breeding Males Breeding Females 0 400 0 0 0 698 0 0 0 2,153 0 0 0 5,709 0 6 Total 400 698 2,153 5,709 PERCENT CHANGE -62.29% AUS Rack, CFO, Cap-on, 34 oz/up 3 11,275 654.00- 659.00 658.50 AUS Rack, FR, Cap-off, 20-24 oz 18 9,677 807.00-1,085.00 868.77 AUS Rack, FR, Cap-off, 24-28 oz 23 6,895 832.00-1,100.00 926.75 AUS Rack, FR, Cap-off, 28 oz/up 17 4,511 832.00-1,110.00 981.80 AUS Shoulder, Square-cut 23 133,497 212.00- 325.00 243.89 AUS Foreshank, VP 10 13,837 254.00- 326.00 311.56 AUS Shortloin, 1-Rib, 1x1 14 10,067 471.00- 617.00 521.72 AUS Leg, semi bnls 12 10,443 362.00- 434.00 390.33 AUS Leg, bnls 17 7,411 464.00- 507.00 477.30 -------------------------------------------------------------------------------NEGOTIATED SALES 0-21 DAYS, FROZEN # of Total Weighted Sub-Primal Trades Pounds Price Range Average -------------------------------------------------------------------------------AUS Carcass, 35 lb/up 5 449 284.00- 295.00 290.98 AUS Rack, FR, Cap-off, 20-24 oz 9 16,023 727.00-1,055.00 817.17 AUS Rack, FR, Cap-off, 24-28 oz 5 11,927 947.00-1,052.00 1,030.45 AUS Shoulder, Square-cut 9 63,946 230.00- 265.00 233.96 AUS Foreshank, LP 11 21,093 232.00- 260.00 240.77 AUS Shortloin, 1-Rib, 1x1 4 5,703 335.00- 446.00 337.93 AUS Hindshank, VP 10 20,658 285.00- 335.00 287.89 AUS Leg, bnls 14 42,090 405.00- 516.00 472.66 NZ Rack, 8-Rib, Standard 7 16,459 399.00- 531.00 497.72 NZ Rack, FR, Cap-off, 12-16 oz 41 38,702 257.00-1,075.00 897.32 Regional Weekly Summaries NATIONAL WOOL REVIEW MOUNTAIN AREAS AND WESTERN UNITED STATES DIRECT SHEEP Receipts: 1595 Last Week: 0 Last Year: 5450 Compared to last week: no trend available due to no recent comparable trades. good to very good. Trade activity was slow to moderate this week. Demand SOUTH CENTRAL DIRECT SHEEP Feeder Lambs: Trading at a standstill in the area. Supplies remain limited. TX: None. Slaughter Lambs: TX: None. Slaughter Ewes: TX: None. Replacement Ewes: TX: None. Domestic wool trading on a clean basis was slow this week. With no confirmed sales this week. Demand moderate to good. All prices reported on a weighted average. Prices reflect a wool sale. 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. NATIONAL DAILY LAMB REPORT Receipts: This Period Week to Date Last Week Total Last Year Total Negotiated 4,953 4,953 6,140 2,113 Formula 8,339 8,339 6,892 18,677 Comments: Compared to last week, negotiated live slaughter lambs sold mostly 1.00 lower. For the week, formula dressed slaughter lambs sold 3.00 lower. NEGOTIATED PURCHASES Slaughter Lambs: Live Basis - Choice and Prime Head Weight Wtd Avg Wtd Avg Count Range Weight Dr pct Wooled and 4,953 127-179 149.3 50.5 Shorn FORMULA PURCHASES Slaughter Lambs: Carcass Basis - Choice and Prime Head Weight Wtd Avg Wtd Avg Count Range Weight Dr pct 55 under 55 lbs 45.0 50.0 646 55-65 lbs 60.9 50.6 1,585 65-75 lbs 72.9 49.5 5,373 75-85 lbs 81.1 50.5 680 over 85 lbs 86.2 52.1 Price Range Wtd Avg Price 138.00-165.73 154.66 Price Range 283.80-350.00 302.61-307.90 299.55-313.62 256.00-312.00 270.00-313.78 Wtd Avg Price 323.52 305.54 305.28 289.84 291.38 This Week: 5000 Last Week: US Grades 80'S 70-80'S 64-70'S 64'S 62'S 60-62'S 60'S 58'S 56-58'S 54-56'S 54'S 50-54'S 44-50'S Fleece States NA None None None None None None None None None None None None 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 slow this week. With no confirmed sales this week. Demand moderate to good. All prices 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 ------------------The FSA effective LDP rate for wool is unchanged at .29 per pound. The FSA effective LDP rate for mohair is unchanged at .00 per pound. NATIONAL WEEKLY SLAUGHTER SHEEP REVIEW Negotiated Sales: Micron 18 19 20 21 22 23 24 25 26 27 28 29 30-34 6100 Last Year: 2100 Compared to last week, negotiated live slaughter lambs sold mostly 1.00 lower. For the week, formula dressed slaughter lambs sold 3.00 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 week: Packer sorted green salted pelts steady to firm. Demand remains very good, and an active market with the majority of pelts being shipped overseas. Buyers continue to struggle to meet needs of customers due to the short supply. PELT TYPES: PACKER, SEED FREE, MOSTLY GOOD DENSITY WOOL SHORN Price Range UNSHORN Price Range -------------------------------------------------------Fall Clips 7.00 - 14.00 Wools 5.00 - 14.00 (suitable to tan, wool on) Pickling skins 1.00 - 5.00 No. 1 6.00 - 12.00 Springers: 4.50 - 12.00 No. 2 4.00 - 9.00 Western Slope, 15.00 - 16.00 No. 3 1.00 - 4.00 California, No. 4 1.00 - 4.00 Heavy seedy Idaho, Kansas, Imperial's Midwest, Fall Clips Native(Gray) No. 1 No. 2 -------------------------------------------------------Livestock Mandatory Reporting on Negotiated, Formula and Contract trades Saturday through Friday showed 14,695 pelts consisting of 72.92% wooled, 24.82% Fall Shorn No. 1, 2.25% No. 2, and 0.00% No. 3&4.. In Australia this week the Eastern Market Indicator was up 4 at 1195 cents per Kg clean from last week. A total of 53,999 bales were offered with sales of 92.9 percent. The Australian exchange rate was weaker by .0002 at .9967 percent of the US dollar. The sale next week has a total offering of 45,557 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 80’s 19 70-80’s 20 64-70’s 21 64’s 22 62’s 23 60-62’s 24 60’s 25 58’s 26 56-58’s 28 54’s 30 50’s Merino Clippings Clean Del Price in US Dollars 8.89 7.12 5.36 5.18 4.98 4.73 4.44 3.85 3.58 2.76 2.44 3.27 Change from Last Week + .04 - .03 - .03 + .05 + .02 + .01 + .01 + .04 + .05 + .03 ----+ .01 75-80 Percent of Australia 6.67-7.11 5.34-5.70 4.02-4.28 3.88-4.14 3.74-3.99 3.55-3.79 3.33-3.55 2.89-3.08 2.68-2.86 2.07-2.21 1.83-1.95 2.45-2.61 Eastern Market Indicator closed up 4 at 1195 cents per kg clean. Australian exchange rate was weaker by .0002 at .9967 percent of the US dollar. Weekly Slaughter Lambs, Choice & Prime 2-3, Shorn & Wooled Market News Sources Weekly Slaughter Ewes, Good 2-4 80 75 70 150 65 140 60 Price Per CWT Price Per CWT 160 130 120 110 55 50 For additional information, contact these Livestock and Grain Market News locations 45 40 100 35 90 30 80 J F M A M J 2010 J A 2009 S O N 25 D J F M A J M 2010 5 Yr Avg J A 2009 S O N D Des Moines, IA Bill Sumpter 515-284-4460 5 Yr Avg Greeley, CO Randy Hammerstrom 970-353-9750 Weekly Feeder Lambs, Med-Large 1-2 Weekly Sheep Export to Mexico New Holland, PA Levi Geyer 717-354-2391 3,500 180 3,000 170 San Angelo, TX Rebecca Sauder 915-653-1778 2,500 150 Number of Head Price Per CWT 160 140 130 120 2,000 Sioux Falls, SD Justin Lumpkin 605-338-4061 1,500 1,000 110 Springfield, IL Kim Harmon 217-782-4925 500 100 90 J F M A 2010 M J J 2009 A S O 5 Yr Avg N D 0 J F M A 2010 M J J 2009 A S 5 Yr Avg O N D