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US Wool Trading at Standstill

14 July 2014

US - Domestic wool trading on a clean basis was at a standstill last week according to the USDA’s Agricultural Marketing Service.

There were no confirmed trades this week but the AMS said that demand was good and trade activity moderate for the time of year.

Domestic wool trading on a greasy basis was at a standstill this week. .

In Australia this week the Eastern Market Indicator was up 8 at 1026 cents per
Kg clean from last week.

A total of 40,323 bales were offered with sales of 89.9 per cent. The Australian exchange rate was weaker by .0020 at .9401 per cent of the US dollar.

Australia is taking a three week break.

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, coloured fibre content, poly contamination, and other quality factors.