Weekly Lamb Summary - Amazon Simple Storage Service (S3)

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USDA WEEKLY NATIONAL LAMB MARKET SUMMARY Livestock, Meat, Wool, Pelt, & International Markets Friday, September 22, 2017

Billings: Kalona: So Dakota:

NATIONAL SHEEP SUMMARY Weekly Trends: Compared to last week slaughter lambs were 10.00 to sharply lower. Slaughter ewes were steady to 10.00 lower. Feeder lambs were mostly steady to 5.00 lower. At San Angelo, TX 7266 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 100-145 lbs 120.00-135.00. no test. shorn and wooled 90-110 lbs 185.00-195.00; 110-130 lbs 160.00-182.00; 130-150 lbs 142.00-150.00. Ft.Collins, CO: wooled 110-150 lbs 144.00-155.00, few 162.00; 175-180 lbs 140.00-141.00. South Dakota: shorn and wooled 120-165 lbs 137.00-141.50. Kalona, IA: shorn 142 lbs 134.00; wooled 110-170 lbs 133.00-141.00. Billings, MT: no test. Missouri: no test. Equity Elec: shorn 150 lbs 137.25.

Slaughter Lambs: Choice and Prime 1-2: San Angelo: 40-60 lbs 190.00-219.00, few 224.00-228.00; 60-70 lbs 180.00-204.00; 70-80 lbs 170.00-176.00; 88 lbs 165.00; 90-110 lbs 150.00-164.00. Pennsylvania: 50-60 lbs 215.00-240.00; 60-70 lbs 180.00-200.00, few 212.00-240.00; 70-80 lbs 160.00-195.00; 80-90 lbs 150.00-190.00, few 190.00-205.00; 90-110 lbs 177.00190.00. Kalona, IA: 60-70 lbs 167.50-175.00, few 185.00; 80-90 lbs 151.00152.50; 99 lbs 142.50. Ft. Collins: 50 lbs 160.00; 60-70 lbs 140.00-158.00; 70-80 lbs 135.00-153.00; 80-105 lbs 137.50-156.00. Missouri: 45-75 lbs 172.50-202.50; 80-115 lbs 140.00-175.00. Virginia: 30-60 lbs 140.00-150.00; 60-90 lbs 155.00-165.00; 90110 lbs 155.00-164.00. South Dakota: 86 lbs 141.00. Direct Trading: (lambs fob with 3-4 percent shrink or equivalent) : Slaughter Lambs shorn and wooled 108-173 lbs (wtd avg ). TX: 600: Feeder Lambs 75 lbs 155.00. Slaughter Ewes: San Angelo: Good 3-4 (very fleshy) no test; Good 2-3 (fleshy) 55.00-65.00; Utility and Good 1-3 (medium flesh) 66.0080.00; Utility 1-2 (thin) 58.00-66.00; Cull and Utility 1-2 (very thin) 45.00-55.00; Cull 1 (extremely thin) 20.00-45.00. Pennsylvania: Good 3-4 (very fleshy) 50.00-65.00; Good 2-3 (fleshy) 70.00-110.00; Utility 1-2 (thin) 60.00-77.00; Cull 1 no test. Ft. Collins: Good 3-5 (very fleshy) 51.00; Good 2-3 (fleshy) 71.00-87.50; Utility 1-2 (thin) 32.00-45.00; Cull 1 (extremely thin) no test. 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) no test; Good 2-3 (fleshy) 48.50-77.00; Utility 1-2 (thin) 51.00-62.50; Cull 1 42.00-45.00. Missouri: Utility and Good 1-3 75.00-92.50. Virginia: Good 2-4 97.50. Kalona: Good 3-4 (very fleshy) no test; Good 2-3 (fleshy) 60.00-68.00; Utility and Good 1-3 (medium flesh) 59.0065.00; Utility 1-2 (thin) 52.50-55.00. Feeder Lambs: Medium and Large 1-2: San Angelo: 46 lbs 188.00; 60-100 lbs 148.00-160.00. Ft. Collins: 55 lbs 155.00; 70-80 lbs 152.00-152.50; 89 lbs 149.00.

Missouri:

no test. 70-80 lbs 165.00-175.00; 90 lbs 152.50. 57 lbs 186.00; 60-70 lbs 149.00-191.00; 70-80 lbs 146.00176.00; 80-90 lbs 151.00-164.00; 90-100 lbs 142.00-156.00; 101 lbs 141.00. 25-35 lbs 150.00-175.00.

Replacement Ewes: Medium and Large 1-2: San Angelo: hair ewe lambs 49 lbs 230.00 cwt, 102 lbs 150.00 per head; Yearling hair ewes 160.00 per head; mixed age hair ewes 80-140 lbs 80.00-120.00 cwt. So Dakota: yearlings 150.00 per head; baby tooth to solid mouth 130.00-155.00 per head. Kalona, IA: open hair ewes 125.00 per head. Missouri: mixed age 95-135 lbs 110.00-142.50 cwt. Virginia:

no test. Virginia:

no test.

NATIONAL DAILY LAMB CARCASS

VOL.

24 No. 37

HIGHLIGHTS

Weighted Avg Prices (Simple Avg noted *)

SLAUGHTER LAMBS

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

Last Wk

129.74 120.00

Compared to last week: All weights of carcasses not reportable due to confidentiality. DAILY CHOICE AND PRIME, YG 1-4 Head 852 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*

139.54 143.45

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

Head

to to to to to to

2,571 Wt Avg confidentiality* confidentiality* confidentiality* confidentiality* confidentiality* confidentiality*

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

N/Q

USDA NATIONAL LAMB ESTIMATED GRADING PERCENT Week Ending 09/09/2017: Actual FIS Sheep Slaughter 32,370 head. 30,350 Lambs, 93.8% of total sheep slaughtered. 13,449 graded, 44.31% of total Lambs slaughtered. -----------------------------------------------------------------------GRADE BREAKDOWN Yield Grade (May include hindsaddles) Quality 1 2 3 4 5 Total Prime 0.10% 2.09% 2.96% 1.52% 0.88% 7.55% Choice 5.75% 32.70% 43.07% 7.12% 3.81% 92.45% 5.85%

34.79%

46.03%

N/Q

SLAUGHTER EWES

Good 2-3 & Good 3-4 Latest

Last Wk

Last Yr

San Angelo, TX 58.54

64.35

51.16

St. Onge, Newell, SD 48.50

52.14

56.56

Ft. Collins, CO 67.75

66.62*

Billings, MT N/Q

50.92

N/Q

FEEDER LAMBS

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

Last Wk

Last Yr

San Angelo, TX

H

Total %

156.20

Ft Collins, CO

* 65.13 * SAT-FRI Weight 45-DN 45-55# 55-65# 65-75# 75-85# 85-UP

136.00

Worthing-Sioux Falls,SD

N/Q

Negotiated sales for delivery within 14 calendar days, FOB Plant basis.

Last Yr

San Angelo, TX

8.64%

4.68%

148.00

N/Q

156.00

St. Onge, Newell, SD 148.23 144.63

144.77

Ft. Collins, CO N/Q

145.00

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 462.95 N/Q N/Q 329.11 323.57 316.12

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 1,212,443 pounds Frozen Cuts 111,938 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 3 3,330 $407.25 (36.53) 204 Rack, 8-Rib, light 5 789 $898.46 0.00 204 Rack, 8-Rib, medium 146 19,725 $883.44 (3.72) 204 Rack, 8-Rib, heavy 6 1,365 $958.59 12.46 204A Rack, chined 44 7,058 $1,090.17 (0.26) 204B Rack, roast-ready 24 8,622 $1,266.05 (10.96) 204C Rack, roast-ready, frenched 151 19,483 $1,640.91 9.71 204D Rack, roast-ready, special 5 1,120 $2,297.73 13.75 206 Shoulders 74 50,297 $309.15 (12.70) 207 Shoulders, square-cut 202 119,304 $325.82 1.66 208 Shoulders, square-cut, bnls 38 6,932 $648.71 (1.03) 209 Breast 136 49,567 $236.02 (0.09) Breast, bulk 4 8,862 $213.92 0.00 209A Ribs, Breast bones off 33 4,948 $609.41 38.76 210 Foreshank 180 18,522 $420.16 2.04 231 Loins 18 1,377 $493.28 2.22 232 Loins, trimmed 4x4 112 16,813 $599.70 2.25 232 Loins, trimmed 2x2 26 3,586 $777.13 13.97 232 Loins, trimmed 1x1 80 11,987 $889.31 (6.48) 232 Loins, trimmed 0x0 28 2,570 $1,013.43 (8.92) 232A Loins, short-cut, 1x1 14 3,189 $813.03 (2.36) 232C Loin, boneless, tied 11 656 $1,645.30 40.19 232E Flank, untrimmed 35 11,224 $151.24 4.59 233 Legs 87 13,414 $376.56 (0.24) 233A Leg, trotter-off 183 35,849 $379.44 (0.46) 233C Leg, trotter-off, partial bnl 25 4,158 $544.62 (5.90) 233E Leg, steamship 8 489 $563.07 (14.18) 233F Hindshank 74 19,175 $387.20 (3.58) 234 Leg, Boneless, Tied 191 58,828 $560.83 (1.58) 234A Leg, shank off, bnls 33 5,577 $697.79 (12.37) 234E Leg, inside, boneless 74 9,900 $849.04 (18.02) 234G Sirloin, boneless 30 2,303 $819.48 (6.74) 236 Back, trimmed 4 4,783 $474.70 0.83 238 Trimmings 39 10,463 $512.44 (30.29) 239 Special trimmings 18 700 $572.11 (9.74) 246 Tenderloin 5 269 $1,622.80 116.96 295 Lamb for stewing 51 9,621 $565.53 0.59 296 Ground lamb 100 21,510 $568.22 (3.59) Necks 49 11,770 $182.87 1.12 --------------------------------------------------------------------------------FROZEN CHOICE & PRIME CUTS # Of Total Weighted Change from IMPS Sub-Primal Trades Pound Average Prior Days --------------------------------------------------------------------------------204C Rack, roast-ready, frenched 5 817 $1,490.78 74.82 207 Shoulders, square-cut 4 2,254 $292.00 (21.04) 209A Ribs, Breast bones off 4 111 $451.37 0.00 210 Foreshank 9 4,205 $364.95 (9.25) 232E Flank, untrimmed 8 3,953 $131.18 0.80 233F Hindshank 3 269 $463.35 0.00 234 Leg, Boneless, Tied 4 922 $681.40 (0.25) 234E Leg, inside, boneless 30 1,745 $942.47 (0.35) 239 Special trimmings 4 750 $535.27 82.35 295 Lamb for stewing 26 7,412 $693.11 (21.75) 296 Ground lamb 50 12,647 $604.92 7.82 Necks 9 14,828 $77.78 (60.30)

*Items with no entries indicate non-reportable trades.* CHOICE AND PRIME, YG 1-4 Weight Head 45-DN 142 45-55# 108 55-65# 252 65-75# 814 75-85# 814 85-UP 611

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

Head 2,741 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 81 Wt Avg

CERTIFIED FRESH AMERICAN LAMB

Head

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

Head 51 47 67 52 13 12

due due due due due due

to to to to to to

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

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

Total

983 8,696 7,183 8,800 6,649 59 -----32,370

Lambs & Yearlings 93.8% Mature Sheep 6.2%

RED MEAT PRODUCTION

(Estimated, except *Actual*)

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

Head 242 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

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 883.44 -3.72 11.42% 7.31 BREAST ** 232.64 0.14 7.74% 4.95 SHOULDERS, SQ-CUT 325.82 1.66 24.17% 15.47 FORESHANK 420.16 2.04 3.48% 2.23 NECK ** 124.28 -48.04 2.31% 1.48 HINDSADDLE 232 LOINS, TRIMMED 4X4 599.70 2.25 10.91% 6.98 232E FLANK UNTRIMMED ** 146.02 2.50 2.81% 1.80 233A LEG, TROTTER OFF 379.44 -0.46 31.29% 20.03 -------------------------------------------------------------------------GROSS CARCASS VALUE: 403.40 -0.87 94.13% 60.24 204 209 207 210

FORESADDLE VALUE HINDSADDLE VALUE

H

ACTUAL SLAUGHTER UNDER FEDERAL INSPECTION

437.99 418.26

-2.14 0.38

49.12% 45.01%

Carcass value less process/packaging per cwt cost of $44.85 NET CARCASS VALUE 358.55 -0.87 * Shrink and trim of 3.76 lbs not reflected in cutout value. * Based on Actual Federally Inspected Slaughter Carcass Weight of 64.00 lbs. for W/E 09/02/2017, -4.00lbs lighter than last week. **Includes Fresh and Frozen Product

31.44 28.81

23-Sep-2017 16-Sep-2017 Change *24-Sep-2016* Change 2017 YTD: *2016 YTD:* Change 09-Sep-2017

2.4 2.4 0.0% 2.5 -4.0% 95.4 101.2 -5.7% 2.1

Average Live Weights

23-Sep-2017 16-Sep-2017 *24-Sep-2016* 09-Sep-2017

Dressed

23-Sep-2017 16-Sep-2017 *24-Sep-2016* 09-Sep-2017

Slaughter

132 132 128 132 66 66 64 66

23-Sep-2017 37,000 16-Sep-2017 36,000 Change 2.8% *24-Sep-2016* 40,000 Change -7.5% 2017 YTD: 1,395,000 *2016 YTD: 1,459,000 Change -4.4%

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 2.7 0.3 2. 3 2.5 0.3 2. 4 1.3 0.2 1. 5 6.0 0.6 5. 6 0.6 0.1 0. 7 0.2 0. 8 12.5 0.3 12. 9 5.2 0.1 5. 10 0.9 0. --------------------------------------U.S. 2/ : 32.4 2.0 30. --------------------------------------(D) 1/

2/

LAMB AND MUTTON IMPORTS

Week Ending 09/09/2017 ------------------------------------------dard : Sheep ral :-----------------------------------ons : Total Mature Lambs & ings -------5 4 2 2 4 5 2 2 0 9 -------4 --------

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 4 Canada Chile Iceland 1 Mexico New Zealand 12 Northern Ireland Spain Uruguay Total 17

09/10/17 to 09/16/17 Carcasses 52

Cuts 543

Metric Tons

Edible Offals 9

19

Primals & Subprimals 346 2 24

Week 37 Weekly Total

Year-toDate Total

954 2 19 25

18

6

37

384

4597

89

549

45

756

1,457

82

25

108

1 84

24 49

25 133

39,682 76 720 158 1,453 20,190 0 1,219 0 63,498

Corned (Species)

Mutton Australia Chile New Zealand Total

10,618 151 4,861 15,630

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 09/16/17 58,732 4,038 3,049 419,508

Week Ago 09/09/17 56,634 3,380 2,727 351,604

WEEKLY VOLUME

Year Ago YTD YTD 09/17/16 2017 2016 60,645 1,986,114 1,853,722 3,859 142,285 143,929 5,382 117,895 127,290 412,435 14,629,688 14,326,741

%Change 7.1% -1.1% -7.4% 2.1%

Texas to Mexico Daily Livestock Exports FRI, 09/22/2017

EXPORTS 09/21/17 0 0 0 0 0

Slaughter Lambs Slaughter Ewes Breeding Males Breeding Females Total Sheep

CURRENT WEEK-T-D 0 0 0 0 0

CURRENT Y-T-D 0 3,584 4 6 3,594

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

H

US TO MEXICO WEEKLY LIVESTOCK EXPORT SUMMARY Thu 09/21/2017 Slaughter Lambs Ewes Breeding Males Breeding Females Total

Current Week 09/16/2017

Previous Week 09/09/2017

0 0 0 0 0

0 331 0 0 331

Current Y-T-D 0 3,584 4 6 3,594

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 = 1,448,262 Pounds Frozen Cuts = 1,593,317 Pounds -------------------------------------------------------------------------------NEGOTIATED SALES, FRESH # of Total Weighted Sub-Primal Trades Pounds Price Range Average -------------------------------------------------------------------------------AUS Rack, FR, Cap-off, 20-24 oz 21 12,972 939.00 1,138.00 993.36 AUS Rack, FR, Cap-off, 24-28 oz 35 13,702 920.00 1,295.00 1,037.14 AUS Rack, FR, Cap-off, 28 oz/up 56 109,437 879.00 1,180.00 939.14 AUS Shoulder, Square-cut 42 177,606 275.00 346.00 304.19 AUS Foreshank, VP 13 5,976 285.00 391.00 337.40 AUS Shortloin, 1-Rib, 1x1 16 70,375 419.00 601.00 491.80 AUS Shortloin, 1-Rib, 0x0 58 314,146 370.00 602.00 551.90 AUS Leg, semi bnls 10 7,506 345.00 461.00 416.29 -------------------------------------------------------------------------------NEGOTIATED SALES, FROZEN # of Total Weighted Sub-Primal Trades Pounds Price Range Average -------------------------------------------------------------------------------AUS Rack, FR, Cap-off, 20-24 oz 14 4,929 939.00 1,135.00 993.67 AUS Rack, FR, Cap-off, 24-28 oz 16 14,846 939.00 1,088.00 977.41 AUS Rack, FR, Cap-off, 28 oz/up 6 7,978 952.00 1,042.00 968.56 AUS Shoulder, Square-cut 36 60,335 167.00 278.00 243.95 AUS Shoulder, Square-cut, bnls 24 79,628 183.00 414.00 371.04 AUS Foreshank, LP 8 18,365 214.00 285.00 229.21 AUS Leg, Long 83 200,453 235.00 390.00 361.93 AUS Hindshank, LP 8 7,697 232.00 360.00 249.57 AUS Hindshank, VP 12 9,741 222.00 341.00 237.20 AUS Leg, bnls 64 141,742 291.00 427.00 379.50 NZ Rack, FR, Cap-off, 12 oz/dn 9 2,779 980.00 1,047.00 1,005.97 NZ Rack, FR, Cap-off, 12-16 oz 73 45,907 757.00 1,097.00 949.41 NZ Rack, FR, Cap-off, 16-20 oz 68 63,147 889.00 1,075.00 969.87 NZ Rack, FR, Cap-off, 20 oz/up 28 15,059 889.00 1,065.00 974.71

Regional Weekly Summaries NATIONAL WOOL REVIEW

MOUNTAIN AREAS AND WESTERN UNITED STATES DIRECT SHEEP Receipts: 0 Last Week: 0 Last Year: 8000 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: No recent comparison, but sharply lower undertone noted. Trading slow, demand light. TX: 600: Medium and Large 1-2 75 lbs 155.00. 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 2,398 2,398 4,961 9,776

Formula *Not reported due to confidentiality* *Not reported due to confidentiality* *Not reported due to confidentiality* 5,751

Comments: Compared to last week, negotiated purchases of slaughter lambs were steady on comparable sales. NEGOTIATED PURCHASES Slaughter Lambs: Live Basis - Choice and Prime Head Count 2088

Weight Range under 170 lbs over 170 lbs

Wtd Avg Wtd Avg Price Wtd Avg Weight Dr Pct Range Price 153.00 50.30 140.00-190.00 165.27 *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: 77.40 lbs Weighted Average Net Price: 318.21 Weighted Average Dressing Percent: 50.79

WEEKLY LAMB PELTS PRICE REPORT - FOB Major Production Points Per Piece Price Estimated Credit Returned to Producers Per Piece Price for Week Ending: 09/22/2017 Pelt activity this week compared to last report: Compared to last week, all classifications of pelts were generally steady. Unshorn Supreme Premium Standard Fair Mixed Class Damaged/Puller

Price Range 5.00 - 8.00 (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 allowanc e 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 September 18, 2017 through Friday September 22, 2017 showed 14,268 pelts consisting of 56.8% Unshorn and 43.2% Shorn .

In Australia this week, the Eastern Market Indicator was unchanged at 1525 cents per Kg clean from the sale a week ago. A total of 40,699 bales were offered with sales of 93.1 percent. The Australian exchange rate was stronger by .0005 at .8003 percent of the U.S. dollar. Australian wool prices are quoted delivered Charles ton, 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 7.66 6.60 5.96 5.76 5.54 5.37 ---4.48 4.15 3.10 2.25 1.59 4.20

Change from Previous Sale - .02 - .03 - .01 - .02 + .06 - .01 ----- .04 - .05 - .05 - .06 - .02 + .09

75-85 Percent of Australia 5.74-6.51 4.95-5.61 4.47-5.06 4.32-4.89 4.15 -4.70 4.03-4.57 --------3.36-3.81 3.11-3.52 2.33-2.64 1.69-1.92 1.19-1.35 3.15 -3.57

Eastern Market Indicator closed unchanged at 1525 cents per kg clean. Aust ralian exchange rate was stronger by .0005 at .8003 percent of the U.S. dollar .

Weekly Shoulders, Square-Cut

Weekly Rack, 8-Rib, Medium

Market News Sources

370 925 355 340

Price Per CWT

Price Per CWT

875

825

775

325 310

For additional information, contact these Livestock and Grain Market News locations

295

725 280 675

265 250

625 J

F

M

A

M

J

J

2017

A

S

O

2016

N

J

D

F

5 Yr Avg

A

M

J

2017

Weekly Loins, Trimmed 4X4

J

A

S

O

2016

N

D

St. Joseph, MO Jodie Pitcock 816-676-7000 Greeley, CO 970-353-9750

440

610

420

590

New Holland, PA Levi Geyer 717-354-2391

Price Per CWT

400

570 550 530

San Angelo, TX Rebecca Sauder 915-653-1778

380 360

Sioux Falls, SD Justin Lumpkin 605-338-4061

340

510 490

320

470

300

J

F

M

A 2017

M

J

J

A 2016

S

O

N 5 Yr Avg

D

Des Moines, IA William Worlie 515-284-4460

5 Yr Avg

Weekly Leg, Trotter-Off

630

Price Per CWT

M

J

F

M

A 2017

M

J

J

A 2016

S

O

N 5 Yr Avg

D

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