Weekly Lamb Summary - Amazon Simple Storage Service

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USDA WEEKLY NATIONAL LAMB MARKET SUMMARY Livestock, Meat, Wool, Pelt, & International Markets Friday, October 6, 2017

NATIONAL SHEEP SUMMARY Weekly Trends: Compared to last week slaughter lambs were steady to 10.00 lower, except at San Angelo, TX steady to 10.00 higher. Slaughter ewes were uneven, steady to 10.00 higher, except at New Holland, PA and Ft. Collins, CO 3.00-10.00 lower. Feeder lambs were mostly steady to 10.00 higher. At San Angelo, TX 3045 head sold. Equity Electronic Auction sold 335 slaughter lambs in North Dakota. Slaughter Lambs: San Angelo: VA: PA:

Choice and Prime 2-3 90-160 lbs: shorn and wooled 107 lbs 130.00. wooled 110-130 lbs 147.00. shorn and wooled 90-110 lbs 205.00-210.00; 110-130 lbs 185.00-200.00; 130-150 lbs 140.00-170.00; 150-200 lbs 140.00-155.00. Ft.Collins, CO: shorn 166 lbs 126.00; wooled 110-115 lbs 132.50-137.50, 140 lbs 125.00-130.00. South Dakota: shorn and wooled 104 lbs 149.00; 110-170 lbs 131.00136.00. Kalona, IA: wooled 110-145 lbs 125.00-126.00; 150-155 lbs 122.50126.50. Billings, MT: no test. Missouri: no test. Equity Elec: shorn 150 lbs 132.25.

Slaughter Lambs: Choice and Prime 1-2: San Angelo: 40-60 lbs 206.00-232.00, few 236.00; 60-70 lbs 190.00204.00, few 216.00-224.00; 70-80 lbs 170.00-180.00, few 186.00-194.00; 80-90 lbs 160.00-176.00, few 184.00; 90100 lbs 150.00-152.00. Pennsylvania: 50-60 lbs 195.00-225.00; 60-70 lbs 170.00-215.00, few 215.00-220.00; 70-80 lbs 165.00-190.00, few 200.00205.00; 80-90 lbs 158.00-195.00, few 200.00-205.00; 90110 lbs 175.00-200.00. Kalona, IA: 50-60 lbs 170.00-192.50; 60-70 lbs 162.50-167.50; 77 lbs 157.50. Ft. Collins: 78 lbs 150.00; 80-90 lbs 147.50-150.00; 96 lbs 142.50. Missouri: 60-80 lbs 175.00-210.00; 80-105 lbs 130.00-170.00. Virginia: 60-80 lbs 160.00-172.00; 80-110 lbs 155.00-160.00. South Dakota: no test. Billings, MT: no test. Direct Trading: (lambs fob with 3-4 percent shrink or equivalent) : Slaughter Lambs shorn and wooled 126-176 lbs (wtd avg ). Slaughter Ewes: San Angelo: Good 3-4 (very fleshy) no test; Good 2-3 (fleshy) 60.00-62.00; Utility and Good 1-3 (medium flesh) 68.0082.00; Utility 1-2 (thin) 60.00-68.00; Cull and Utility 1-2 (very thin) 54.00-58.00; Cull 1 (extremely thin) 20.00-40.00. Pennsylvania: Good 3-4 (very fleshy) 65.00-75.00; Good 2-3 (fleshy) 70.00-105.00; Utility 1-2 (thin) 60.00-87.00; Cull 1 no test. Ft. Collins: Good 3-5 (very fleshy) 50.00-56.00; Good 2-3 (fleshy) 47.00-70.00; Utility 1-2 (thin) 35.00-40.00; Cull 1 (extremely thin) 20.00-25.00. Billings, MT: Good 3-4 (very fleshy) no test; Good 2-3 (fleshy) no test; Utility 1-2 (thin) no test; Cull and Utility 1-2 no test; Cull 1 no test. So Dakota: Good 3-4 (very fleshy) 52.00-69.00; Good 2-3 (fleshy) 56.00-64.00; Utility 1-2 (thin) 53.00-65.00; Cull 1 50.00-54.00. Missouri: no test. Virginia: Good 2-4 72.50-95.00. Kalona: Good 3-4 (very fleshy) no test; Good 2-3 (fleshy) 67.00-72.00; Utility 1-2 (thin) 55.00; Cull and Utility 1-2 (very thin) 40.00-45.00.

Feeder Lambs: San Angelo: Ft. Collins: So Dakota:

VOL.

Medium and Large 1-2: 75-85 lbs 168.00-169.00; 94 lbs 160.00. 55-60 lbs 137.50-138.00; 69 lbs 122.50. 45 lbs 181.00; 50-60 lbs 191.00-192.00; 60-70 lbs 162.50189.00; 70-80 lbs 158.00-169.00; 80-90 lbs 147.50-167.00; 90-100 lbs 145.00-162.00; 100-110 lbs 139.00-149.00; 110150 lbs 134.00-137.00.

Replacement Ewes: Medium and Large 1-2: San Angelo: hair ewe lambs 55-75 lbs 210.00-234.00 cwt, 90 lbs 160.00 per head; baby tooth hair ewes 165150.00 per head; mixed age hair ewes 80-1340 lbs 90.00-130.00 cwt. Ft. Collins: no test. Billings: no test. So Dakota: ewe lambs 85 lbs 155.00 cwt; yearlings 220.00-270.00 per head; solid mouth 105.00-155.00 per head; solid to short solid mouth 95.00-122.00 per head; exposed ewes 130-150 lbs 70.00-78.00 cwt. Kalona, IA: no test. Missouri: mixed age wool ewes 100 lbs 105.00 cwt; mixed age hair ewes 85-135 lbs 100.00-135.00 cwt. Virginia:

no test. Virginia:

HIGHLIGHTS

Weighted Avg Prices (Simple Avg noted *)

SLAUGHTER LAMBS

Choice & Prime 2-3 Shorn & Wooled (130 - 180 pounds) Latest

Last Wk

Last Yr

San Angelo, TX 130.00

N/Q

126.58

Worthing-Sioux Falls,SD 132.67 133.65

140.12

Ft Collins, CO N/Q

N/Q

N/Q

SLAUGHTER EWES

Good 2-3 & Good 3-4

no test.

NATIONAL DAILY LAMB CARCASS

Latest

Negotiated sales for delivery within 14 calendar days, FOB Plant basis. Compared to last week: All weights of carcasses not reportable due to confidentiality. DAILY CHOICE AND PRIME, YG 1-4 Head 925 Weight Head Wt Avg 45-DN *Price not reported due to confidentiality* 45-55# *Price not reported due to confidentiality* 55-65# *Price not reported due to confidentiality* 65-75# *Price not reported due to confidentiality* 75-85# *Price not reported due to confidentiality* 85-UP *Price not reported due to confidentiality* * SAT-FRI Weight 45-DN 45-55# 55-65# 65-75# 75-85# 85-UP

24 No. 39

CHOICE AND PRIME, YG 1-4 Head *Price not reported due *Price not reported due *Price not reported due *Price not reported due *Price not reported due *Price not reported due

to to to to to to

Head 2,662 Wt Avg confidentiality* confidentiality* confidentiality* confidentiality* confidentiality* confidentiality*

Last Wk

Last Yr

San Angelo, TX 60.59

61.12

48.74

St. Onge, Newell, SD 55.70

47.22

52.12

Ft. Collins, CO * 52.50

60.25

57.00*

Billings, MT N/Q

48.20

47.02

FEEDER LAMBS

Medium-Large 1-2 (90-110 pounds) Latest

Last Wk

Last Yr

San Angelo, TX 160.00

N/Q

N/Q

St. Onge, Newell, SD

*For more information, please visit www.ams.usda.gov/ConfidentialityGuidelines*

148.04 150.31

141.70

H

USDA NATIONAL LAMB ESTIMATED GRADING PERCENT Week Ending 09/23/2017: Actual FIS Sheep Slaughter 36,733 head. 34,731 Lambs, 94.5% of total sheep slaughtered. 18,961 graded, 54.59% of total Lambs slaughtered. -----------------------------------------------------------------------GRADE BREAKDOWN Yield Grade (May include hindsaddles) Quality 1 2 3 4 5 Total Prime 0.11% 1.63% 3.16% 2.08% 1.08% 8.06% Choice 4.07% 26.87% 41.09% 14.91% 5.00% 91.94% Total %

4.18%

28.50%

44.25%

16.99%

6.08%

Ft. Collins, CO 152.50 130.00

N/Q

CARCASS LAMB FOB PLANT *SAT-FRI* WT AVGS 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

N/Q N/Q N/Q N/Q N/Q N/Q

Last Year N/Q N/Q N/Q 326.58 322.56 310.85

Latest

N/Q N/Q N/Q N/Q N/Q N/Q

NATIONAL BOXED LAMB CUTS

NATIONAL WEEKLY COMPREHENSIVE LAMB CARCASS

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.

Combined Negotiated, Formula and Forward Contract sales for delivery within 14 calendar days, FOB Plant basis.

Current Volume Fresh Cuts 881,924 pounds Frozen Cuts 101,647 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 3,560 $413.33 4.08 204 Rack, 8-Rib, light 3 329 $899.22 0.00 204 Rack, 8-Rib, medium 134 22,525 $846.62 2.48 204 Rack, 8-Rib, heavy 6 765 $992.36 (32.91) 204A Rack, chined 32 5,850 $993.43 0.46 204B Rack, roast-ready 26 4,709 $1,247.10 (29.40) 204C Rack, roast-ready, frenched 136 18,553 $1,646.89 20.26 204D Rack, roast-ready, special 11 1,103 $2,158.37 (32.15) 206 Shoulders 93 52,513 $298.80 (1.53) 207 Shoulders, square-cut 210 90,992 $324.71 2.49 208 Shoulders, square-cut, bnls 45 7,078 $657.19 5.91 209 Breast 111 33,355 $237.89 1.94 209A Ribs, Breast bones off 28 4,938 $581.16 21.16 210 Foreshank 170 12,510 $437.46 2.78 230 Hindsaddle 4 189 $432.15 (1.23) 231 Loins 19 1,391 $513.15 20.45 232 Loins, trimmed 4x4 108 15,344 $598.07 (4.68) 232 Loins, trimmed 2x2 24 2,238 $765.94 (4.03) 232 Loins, trimmed 1x1 81 7,281 $922.53 23.79 232 Loins, trimmed 0x0 34 2,852 $1,015.28 13.40 232A Loins, short-cut, 1x1 17 1,211 $816.54 1.09 232C Loin, boneless, tied 6 404 $1,606.67 21.83 232E Flank, untrimmed 36 14,503 $134.93 2.58 233 Legs 73 17,898 $356.40 (2.00) 233A Leg, trotter-off 190 34,011 $387.27 1.16 233C Leg, trotter-off, partial bnl 26 1,893 $560.36 5.49 233E Leg, steamship 8 802 $552.87 (1.19) 233F Hindshank 69 14,114 $402.86 1.71 234 Leg, Boneless, Tied 162 31,826 $574.92 8.86 234A Leg, shank off, bnls 35 4,619 $717.01 (3.35) 234E Leg, inside, boneless 71 8,837 $861.26 25.10 234G Sirloin, boneless 21 1,157 $856.77 2.50 235 Back 5 692 $664.93 0.00 236 Back, trimmed 3 3,650 $470.72 (1.10) 238 Trimmings 29 8,564 $497.31 4.02 239 Special trimmings 24 1,010 $548.78 4.60 295 Lamb for stewing 42 4,153 $631.57 (11.77) 296 Ground lamb 93 20,091 $578.55 1.41 Necks 51 11,653 $188.11 (1.69) --------------------------------------------------------------------------------FROZEN CHOICE & PRIME CUTS # Of Total Weighted Change from IMPS Sub-Primal Trades Pound Average Prior Days --------------------------------------------------------------------------------209 Breast 3 6,619 $237.33 0.00 209A Ribs, Breast bones off 3 342 $548.90 0.00 210 Foreshank 11 3,298 $379.49 18.73 232E Flank, untrimmed 8 1,443 $164.90 (11.17) 233F Hindshank 3 301 $431.30 (3.13) 234 Leg, Boneless, Tied 6 4,160 $576.08 (15.03) 234A Leg, shank off, bnls 3 559 $673.13 0.00 234E Leg, inside, boneless 26 2,208 $907.03 1.59 295 Lamb for stewing 24 5,810 $709.71 (10.97) 296 Ground lamb 55 10,916 $597.66 5.98 Necks 13 2,833 $170.57 11.81

*Items with no entries indicate non-reportable trades.* CHOICE AND PRIME, YG 1-4 Weight Head 45-DN 174 45-55# 120 55-65# 292 65-75# 942 75-85# 734 85-UP 515

*Price *Price *Price *Price *Price *Price

Head 2,777 Wt Avg not reported not reported not reported not reported not reported not reported

CHOICE AND PRIME, YG 5 Weight Head 45-DN 45-55# 55-65# 65-75# 75-85# 85-UP

Head 114 Wt Avg

CERTIFIED FRESH AMERICAN LAMB

Head

UNGRADED Weight 45-DN 45-55# 55-65# 65-75# 75-85# 85-UP

Head 26 25 38 29 0 0

due due due due due due

to to to to to to

H

ACTUAL SLAUGHTER UNDER FEDERAL INSPECTION

For W/E 09/23/2017 Monday Tuesday Wednesday Thursday Friday Saturday

confidentiality* confidentiality* confidentiality* confidentiality* confidentiality* confidentiality*

Total

7,909 8,391 7,244 7,312 4,970 907 -----36,733

Lambs & Yearlings 94.5% Mature Sheep 5.5%

RED MEAT PRODUCTION

(Estimated, except *Actual*)

*Price *Price *Price *Price *Price *Price

Head 118 Wt Avg not reported not reported not reported not reported not reported not reported

Production Mil.Lbs.

due due due due due due

to to to to to to

07-Oct-2017 30-Sep-2017 Change *08-Oct-2016* Change 2017 YTD: *2016 YTD:* Change 23-Sep-2017

confidentiality* confidentiality* confidentiality* confidentiality* confidentiality* confidentiality*

*For more information, please visit www.ams.usda.gov/ConfidentialityGuidelines*

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 %CARCASS LBS FORESADDLE RACK, 8-RIB MEDIUM 846.62 2.48 11.42% 7.54 BREAST ** 237.35 1.59 7.74% 5.11 SHOULDERS, SQ-CUT 324.71 2.49 24.17% 15.95 FORESHANK 437.46 2.78 3.48% 2.30 NECK ** 184.68 4.25 2.31% 1.52 HINDSADDLE 232 LOINS, TRIMMED 4X4 598.07 -4.68 10.91% 7.20 232E FLANK UNTRIMMED ** 137.64 2.26 2.81% 1.85 233A LEG, TROTTER OFF 387.27 1.16 31.29% 20.65 --------------------------------------------------------------------------GROSS CARCASS VALUE: 403.32 1.12 94.13% 62.13

2.4 2.5 -4.0% 2.5 -4.0% 100.3 106.3 -5.6% 2.4

Average Live Weights

07-Oct-2017 30-Sep-2017 *08-Oct-2016* 23-Sep-2017

Dressed

132 131 129 131

204 209 207 210

07-Oct-2017 30-Sep-2017 *08-Oct-2016* 23-Sep-2017

FORESADDLE VALUE HINDSADDLE VALUE

07-Oct-2017 37,000 30-Sep-2017 38,000 Change -2.6% *08-Oct-2016* 38,000 Change -2.6% 2017 YTD: 1,470,000 *2016 YTD: 1,536,000 Change -4.3%

433.69 422.78

2.45 -0.19

49.12% 45.01%

Carcass value less process/packaging per cwt cost of $44.85 NET CARCASS VALUE 358.47 1.12 * Shrink and trim of 3.87 lbs not reflected in cutout value. * Based on Actual Federally Inspected Slaughter Carcass Weight of 66.00 lbs. for W/E 09/23/2017, unchanged from last week. **Includes Fresh and Frozen Product

32.42 29.71

Slaughter

66 65 65 66

US FEDERALLY INSPECTED SLAUGHTER BY REGION S F R

t e e

a d g

n e i

1/ : 2/ Sheep Yearl --------------------------------------1,000 head 1 0.5 0. 2 3.4 0.3 3. 3 3.0 0.2 2. 4 1.3 0.2 1. 5 6.6 0.6 6. 6 0.7 0.1 0. 7 0.3 0. 8 14.8 0.3 14. 9 5.1 0.2 4. 10 1.0 0.1 0. --------------------------------------U.S. 2/ : 36.7 2.0 34. --------------------------------------(D) 1/

2/

LAMB AND MUTTON IMPORTS

Week Ending 09/23/2017 ------------------------------------------dard : Sheep ral :-----------------------------------ons : Total Mature Lambs & ings -------5 1 8 1 1 6 3 4 9 9 -------7 --------

Represents zero. Withheld to avoid disclosing individual operations. 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. A region may not be published due to confidentiality, but is included in totals.

For Reporting Period: Boneless Trimmings Lamb Australia Canada Chile Iceland Mexico New Zealand 37 Northern Ireland Spain Uruguay Total 37

09/24/17 to 09/30/17 Carcasses 69

Cuts 467

Metric Tons

Edible Offals 4

318 1

Weekly Total

21

858 1 19 21

Year-toDate Total

5

20

115

176

472

24

455

1,076

41,335 78 739 205 1,453 20,567 0 1,219 0 65,595

227 4

14

69

9 22

115 184

309 4 124 437

11,264 174 5,082 16,519

19

87

Primals & Subprimals

Week 39

Corned (Species)

Mutton Australia Chile New Zealand Total

1 1

230

NATIONAL WEEKLY LAMB CARCASS AND LAMB CUTS - IMPORTED 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. *Items with no entries indicate non -reportable trades*

CANADIAN FEDERALLY INSPECTED SLAUGHTER Cattle: Calves: Sheep: Hogs:

Current 09/30/17 58,659 3,861 3,701 426,099

Week Ago 09/23/17 58,897 3,968 3,083 415,597

WEEKLY VOLUME

Year Ago YTD YTD 10/01/16 2017 2016 63,530 2,103,670 1,976,054 3,911 150,114 151,782 3,731 124,679 134,246 425,134 15,471,384 15,165,639

%Change 6.5% -1.1% -7.1% 2.0%

Texas to Mexico Daily Livestock Exports FRI, 10/06/2017

EXPORTS 10/05/17 0 0 0 0 0

Slaughter Lambs Slaughter Ewes Breeding Males Breeding Females Total Sheep

CURRENT WEEK-T-D 0 346 0 0 346

CURRENT Y-T-D 0 3,930 9 33 3,972

PREVIOUS Y-T-D 0 4,918 0 0 4,918

H

US TO MEXICO WEEKLY LIVESTOCK EXPORT SUMMARY Thu 10/05/2017 Slaughter Lambs Ewes Breeding Males Breeding Females Total

Current Week 09/30/2017

Previous Week 09/23/2017

0 0 5 27 32

0 0 0 0 0

Current Y-T-D 0 3,584 9 33 3,626

Previous Y-T-D* 0 4,918 0 0 4,918

PERCENT CHANGE

-26.92%

AUS = Australian

NZ = New Zealand

Negotiated Sales 0-21 days: Fresh Cuts = 985,782 Pounds Frozen Cuts = 1,455,105 Pounds -------------------------------------------------------------------------------NEGOTIATED SALES, FRESH # of Total Weighted Sub-Primal Trades Pounds Price Range Average -------------------------------------------------------------------------------AUS Rack, FR, Cap-off, 20-24 oz 23 5,599 885.00 1,124.00 996.34 AUS Rack, FR, Cap-off, 24-28 oz 33 13,821 920.00 1,143.00 1,024.39 AUS Rack, FR, Cap-off, 28 oz/up 48 59,942 894.00 1,177.00 945.49 AUS Shoulder, Square-cut 25 78,667 263.00 335.00 312.52 AUS Foreshank, VP 18 11,409 285.00 390.00 364.04 AUS Shortloin, 1-Rib, 1x1 9 34,622 433.00 580.00 476.86 AUS Shortloin, 1-Rib, 0x0 33 159,456 405.00 601.00 569.24 AUS Leg, semi bnls 17 19,550 261.00 457.00 410.96 -------------------------------------------------------------------------------NEGOTIATED SALES, FROZEN # of Total Weighted Sub-Primal Trades Pounds Price Range Average -------------------------------------------------------------------------------AUS Rack, FR, Cap-off, 20-24 oz 15 8,991 933.00 1,135.00 955.63 AUS Rack, FR, Cap-off, 24-28 oz 17 13,311 859.00 1,042.00 955.92 AUS Rack, FR, Cap-off, 28 oz/up 8 6,840 975.00 1,055.00 987.21 AUS Shoulder, Square-cut 41 96,473 215.00 396.00 241.54 AUS Shoulder, Square-cut, bnls 13 109,862 310.00 431.00 375.51 AUS Foreshank, LP 66 84,355 212.00 368.00 250.28 AUS Leg, Long 23 23,380 243.00 429.00 288.15 AUS Hindshank, LP 9 3,607 272.00 360.00 307.31 AUS Hindshank, VP 22 34,436 213.00 365.00 221.38 AUS Leg, bnls 62 148,930 329.00 411.00 376.67 NZ Rack, FR, Cap-off, 12 oz/dn 5 2,005 968.00 1,015.00 988.32 NZ Rack, FR, Cap-off, 12-16 oz 120 62,394 759.00 1,097.00 995.60 NZ Rack, FR, Cap-off, 16-20 oz 86 45,786 759.00 1,097.00 988.72 NZ Rack, FR, Cap-off, 20 oz/up 25 16,614 785.00 1,047.00 965.28

Regional Weekly Summaries NATIONAL WOOL REVIEW

MOUNTAIN AREAS AND WESTERN UNITED STATES DIRECT SHEEP Receipts: 0 Last Week: 0 Last Year: 0 Compared to a week ago: This week there no confirmed trades reported. The state identified is the state of origin. Prices quoted per cwt. Current delivery unless otherwise noted.

SOUTH CENTRAL DIRECT SHEEP Feeder Lambs: Trading at a standstill, demand light. TX: None. Slaughter Lambs: TX: None. Slaughter Ewes: TX: None. Replacement Ewes: TX: None.

NATIONAL WEEKLY LAMB REPORT Receipts: This Period Week to Date Last Week Total Last Year Total

Negotiated 4,088 4,088 4,526 5,334

Formula *Not reported due to confidentiality* *Not reported due to confidentiality* *Not reported due to confidentiality* 6,836

Comments: Compared to last week, negotiated purchases of slaughter lambs were steady to 5.00 lower on comparable sales. NEGOTIATED PURCHASES Slaughter Lambs: Live Basis - Choice and Prime Head Count 3796

Weight Range under 170 lbs over 170 lbs

Wtd Avg Wtd Avg Price Wtd Avg Weight Dr Pct Range Price 143.30 51.50 130.50-190.00 150.34 *Not reported due to confidentiality*

Weight Range under 55 55-65 65-75 75-85 85-95 over 95

lbs lbs lbs lbs lbs lbs

Wtd Avg Wtd Avg Weight Dr Pct *Not reported due *Not reported due *Not reported due *Not reported due *Not reported due *Not reported due

to to to to to to

Price Wtd Avg Range Price confidentiality* confidentiality* confidentiality* confidentiality* confidentiality* confidentiality*

*For more information, please visit www.ams.usda.gov/ConfidentialityGuidelines*

NATIONAL WEEKLY SLAUGHTER SHEEP REVIEW

Formula Prices established for previously slaughtered lambs.(carcass basis) Domestic Weighted Average Weight: 73.70 lbs Weighted Average Net Price: 312.21 Weighted Average Dressing Percent: 49.90

WEEKLY LAMB PELTS PRICE REPORT - FOB Major Production Points Per Piece Price Estimated Credit Returned to Producers Per Piece Price for Week Ending: 10/06/2017 Pelt activity this week compared to last report: Compared to last week, higher quality unshorn pelts 0.50 higher. All other classifications of pelts were generally steady. Unshorn Supreme Premium Standard Fair Mixed Class Damaged/Puller

Price Range 5.50 - 8.75 (0.75)- 2.50 (1.00)- 2.00 (1.50)- 2.00 (1.50)- 1.50 (1.50)-(1.25)

Micron 18 19 20 21 22 23 24 25 26 27 28 29 30-34

US Grades 80s 70-80s 64-70s 64s 62s 60-62s 60s 58s 56-58s 54-56s 54s 50-54s 44-50s

Fleece States None 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 None NA NA NA

Domestic wool trading on a greasy basis was at a standstill this week. There were no confirmed trades reported. All trades 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 .60-.70 .50-.60 .40-.50

FORMULA PURCHASES Slaughter Lambs: Carcass Basis - Choice and Prime Head Count

Domestic wool trading on a clean basis was at a standstill this week. There were no confirmed trades reported. 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.

Shorn Supreme Premium Standard Fair Mixed Class Damaged/Puller

Price Range 1.50 - 5.75 (2.50)- 2.00 (2.50)- 1.50 (2.25)-(1.00) (2.50)-(2.25) (2.50)-(2.25)

Pelt Square Discolored Manure/Seed Staple Micron Processing Category Footage Fiber Free Length Defects Supreme 9-up none predominantly 1-3 22-26 minimal Premium 7-10 none-minimal predominantly 1-3 22-26 minimal Standard 8-down minimal somewhat/heavy 1-3 22-up minimal Fair 4-up some somewhat/heavy NA NA yes Mixed Class NA some somewhat/heavy NA NA yes Damaged/Puller NA some somewhat/heavy NA NA yes ---------------------------------------------------------------------------------------------Livestock Mandatory Reporting on Negotiated, Formula and Contract trades Monday October 2, 2017 through Friday October 6, 2017 showed 14,702 pelts consisting of 66.0% Unshorn and 34.0% Shorn.

In Australia this week, the Eastern Market Indicator was up 28 at 1550 cents per Kg clean from the sale a week ago. A total of 38,217 bales were offered with sales of 96.4 percent. The Australian exchange rate was weaker by .0010 at .7831 percent of the U.S. dollar. 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. 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 U.S. Dollars 7.64 6.68 6.04 5.73 5.49 5.38 4.78 4.33 4.00 2.98 2.08 1.55 4.25

Change from Previous Sale + .13 + .18 + .21 + .16 + .10 + .11 + .03 - .06 - .05 - .03 - .06 + .04 + .05

75-85 Percent of Australia 5.73-6.49 5.01 -5.68 4.53 -5.13 4.30 -4.87 4.12 -4.67 4.03 -4.57 3.59 -4.06 3.25-3.68 3.00-3.40 2.23-2.53 1.56-1.77 1.16-1.32 3.19 -3.61

Eastern Market Indicator closed up 28 at 1550 cents per kg clean. Australian exchange rate was weaker by .0010 at .7831 percent of the U.S. dollar .

Weekly Slaughter Lambs, Choice & Prime 2-3, Shorn & Wooled

Weekly Slaughter Ewes, Good 2-4

Market News Sources

100

210 90 80

Price Per CWT

Price Per CWT

185

160

70

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60 50

135

40 110 J

F

M

A

M

J

J

2017

A

S

O

2016

N

30

D

J

F

M

A

M

J

J

2017

5 Yr Avg

Weekly Feeder Lambs, Med-Large 1-2

A

S

O

2016

N

D

5 Yr Avg

St. Joseph, MO Jodie Pitcock 816-676-7000

Weekly Sheep Export to Mexico

235

1,500

220

Greeley, CO 970-353-9750

1,250

New Holland, PA Levi Geyer 717-354-2391

Number of Head

205

Price Per CWT

Des Moines, IA William Worlie 515-284-4460

190 175 160

1,000

San Angelo, TX Rebecca Sauder 915-653-1778

750

500

Sioux Falls, SD Justin Lumpkin 605-338-4061

250

145 130 J

F

M

A 2017

M

J

J

A 2016

S

O

N

D

5 Yr Avg

0

J

F

M

A 2017

M

J

J 2016

A

S

O 5 Yr Avg

N

D

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