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USDA National Wool Review

10 October 2014

USDA National Wool Review - 10 October 2014USDA National Wool Review - 10 October 2014

Weekly Trends:

Compared to last week heavy slaughter lambs were steady to 4.00 higher; light slaughter lambs steady to 20.00 lower, and as much as 50.00-60.00 lower at New Holland, PA. Slaughter ewes were steady to 9.00 lower, instances 20.00 lower. Feeder lambs were steady to 10.00 lower, except at St. Onge, SD steady to 8.00 higher, At San Angelo, TX 7348 head sold in a one day sale. No sales in Equity Electronic Auction. In direct trading slaughter ewes and feeder lambs were not tested. 6400 head of negotiated sales of slaughter lambs were steady to 2.00 higher and 5400 head of formula sales of carcasses under 55 lbs were not well tested; 55-65 lbs were 6.00-7.00 higher; 65-75 lbs were 2.00-3.00 lower; 75-85 lbs were 3.00-4.00 higher and over 85 lbs were not well tested. 6,772 lamb carcasses sold with 55 lbs and down 4.54-6.10 lower and 55 lbs and up 2.09-3.93 higher. All sheep sold per hundred weight (CWT) unless otherwise specified.

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 up 13 at 1051 cents per Kg clean from last week. A total of 40,893 bales were offered with sales of 93.9 percent. The Australian exchange rate was weaker by .0075 at .8880 percent of the U.S. dollar. The sale next week has a total offering of 50,304 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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