USDA National Wool Review
31 October 2014
National Wool Review
Domestic wool trading on a clean basis was at a standstill this week. There were no confirmed trades this week. Demand good and trade activity moderate for this time of year. 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.
Domestic wool trading on a greasy basis was at a standstill this week. There were no confirmed trades this week. All trades reported on a weighted average. Domestic wool tags are delivered to buyer and reported on a greasy basis:
Number 1 tags:.60-.70
Number 2 tags: .50-.60
Number 3 tags: 40-.50
In Australia this week the Eastern Market Indicator was down 7 at 1029 cents per Kg clean from last week. A total of 47,583 bales were offered with sales of 85.5 percent. The Australian exchange rate was weaker by .0007 at .8765 percent of the U.S. dollar. The sale next week has a total offering of 44,831 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.
Published by USDA Agricultural marketing Service (AMS)
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