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 27, 2017

NATIONAL SHEEP SUMMARY Weekly Trends: Compared to last week slaughter lambs were mostly steady. Slaughter ewes were mostly steady to 10.00 lower, instances 4.00-8.00 higher. Feeder lambs were steady to 6.00 higher. At San Angelo, TX 5008 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 100-155 lbs 120.00-128.00. wooled 110-125 lbs 163.00. shorn and wooled 90-110 lbs 172.00-177.00; 110-130 lbs 147.00-170.00; 130-150 lbs 143.00-175.00. Ft.Collins, CO: wooled 120-125 lbs 128.00-132.00. South Dakota: shorn 143 lbs 137.00; shorn and wooled 115-130 lbs 131.00-138.00, 130-165 lbs 126.00-134.50. Kalona, IA: wooled 110-115 lbs 132.50-140.00; 130-150 lbs 130.00145.00; 150-165 lbs 127.00-132.00. Missouri: 110-160 lbs 110.00-130.00. Equity Elec: shorn 150 lbs 132.50.

Slaughter Lambs: Choice and Prime 1-2: San Angelo: 40-60 lbs 220.00-240.00; 60-70 lbs 190.00-218.00, few 220.00-226.00; 70-80 lbs 168.00-190.00, few 194.00; 8090 lbs 144.00-158.00; 90-110 lbs 128.00-130.00. Pennsylvania: 60-70 lbs 215.00-235.00, few 235.00-250.00; 70-80 lbs 190.00-210.00, few 210.00-215.00; 80-90 lbs 150.00175.00, few 180.00-200.00; 90-110 lbs 160.00-175.00. Kalona, IA: 70-80 lbs 150.00-157.50; 80-90 lbs 152.50-157.50; 90100 lbs 127.00-135.00. Ft. Collins: 68 lbs 197.50; 74 lbs 182.50; 80-90 lbs 166.00-167.00, few 175.00-180.00; 103 lbs 147.50. Missouri: 45-60 lbs 210.00-235.00; 60-100 lbs 115.00-160.00. Virginia: 60-80 lbs 177.50-180.00; 80-110 lbs 160.00-163.00. South Dakota: 60-65 lbs 153.00-165.00. Billings, MT: no test. Direct Trading: (lambs fob with 3-4 percent shrink or equivalent) : Slaughter Lambs shorn and wooled 167-168 lbs (wtd avg ). Slaughter Ewes: San Angelo: Good 3-4 (very fleshy) no test; Good 2-3 (fleshy) 58.00-64.50; Utility and Good 1-3 (medium flesh) 70.0080.00, few 84.00-85.00; Utility 1-2 (thin) 60.00-70.00; Cull and Utility 1-2 (very thin) 50.00-56.00; Cull 1 (extremely thin) 30.00-40.00. Pennsylvania: Good 3-4 (very fleshy) 50.00-75.00; Good 2-3 (fleshy) 70.00-105.00; Utility 1-2 (thin) 57.00-85.00; Cull 1 45.00-52.00. Ft. Collins: Good 3-5 (very fleshy) no test; Good 2-3 (fleshy) 54.00-64.00; Utility 1-2 (thin) no test; 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 1 no test. So Dakota: Good 3-4 (very fleshy) 51.00-61.00; Good 2-3 (fleshy) 56.00-74.00; Utility 1-2 (thin) 56.00-61.00; Cull 1 41.00-52.00. Missouri: Utility and Good 1-3 (medium flesh) 87.50-107.50. Virginia: Good 2-4 87.50-92.50. Kalona: Good 3-4 (very fleshy) no test; Good 2-3 (fleshy) no test; Utility and Good 1-2 (medium flesh) no test; Utility 1-2 (thin) no test. Feeder Lambs: San Angelo: Ft. Collins: So Dakota: Missouri:

Medium and Large 1-2: 60-70 lbs 158.00-164.00; 70-90 lbs 140.00-152.00. 94 lbs 145.00. 60-70 lbs 175.00-185.00; 70-80 lbs 170.00-176.00; 80-90 lbs 162.00-163.50; 90-100 lbs 149.00-156.00; 100-110 lbs 142.00-149.00; 110-120 lbs 140.50-149.00. 25-45 lbs 175.00-210.00.

VOL.

Replacement Ewes: Medium and Large 1-2: San Angelo: hair ewe lambs 60-80 lbs 190.00-238.00 cwt, 95-105 lbs 182.50-190.00 per head; mixed age hair ewes 80-130 lbs 80.00-140.00 cwt. Ft. Collins: no test. Billings: no test. So Dakota: baby tooth 220.00-225.00 per head; baby tooth to solid mouth 125.00-170.00 per head; solid to short solid mouth 115.00 per head. Kalona, IA: no test. Missouri: wool 80-135 lbs 115.00-145.00 cwt; hair 82 lbs 160.00 cwt, 140 lbs 145.00 cwt. Virginia:

no test. Virginia:

24 No. 42 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 122.30 116.99

126.00

Worthing-Sioux Falls,SD

no test.

NATIONAL DAILY LAMB CARCASS

132.53 130.16

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

134.53

Ft Collins, CO

Compared to last week: All weights of carcasses not reportable due to confidentiality.

N/Q

DAILY CHOICE AND PRIME, YG 1-4 Head 904 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*

Good 2-3 & Good 3-4

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

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 2,621 Wt Avg confidentiality* confidentiality* confidentiality* confidentiality* confidentiality* confidentiality*

USDA NATIONAL LAMB ESTIMATED GRADING PERCENT Week Ending 10/14/2017: Actual FIS Sheep Slaughter 36,036 head. 34,299 Lambs, 95.2% of total sheep slaughtered. 17,503 graded, 51.03% of total Lambs slaughtered. -----------------------------------------------------------------------GRADE BREAKDOWN Yield Grade (May include hindsaddles) Quality 1 2 3 4 5 Total Prime 0.10% 1.02% 2.27% 1.69% 0.77% 5.84% Choice 3.21% 37.60% 37.18% 13.20% 2.97% 94.16% 3.30%

38.62%

39.45%

Latest

Last Wk

Last Yr

San Angelo, TX 63.31

64.51

50.00

St. Onge, Newell, SD 55.42

47.46

49.00

Ft. Collins, CO * 59.50

64.25

68.25*

Billings, MT 51.20

N/Q

FEEDER LAMBS

H

Total %

N/Q

SLAUGHTER EWES

N/Q

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

N/Q

14.89%

3.73%

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

Last Wk

Last Yr

San Angelo, TX N/Q

143.07

131.87

St. Onge, Newell, SD 153.64 147.70

138.46

Ft. Collins, CO 145.00 141.57

148.20

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 472.58 N/Q 343.62 320.43 317.44 305.24

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 b asis.

Current Volume Fresh Cuts 1,157,932 pounds Frozen Cuts 236,762 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 --------------------------------------------------------------------------------204 Rack, 8-Rib, light 6 584 $891.23 (3.82) 204 Rack, 8-Rib, medium 134 17,277 $874.15 (0.73) 204 Rack, 8-Rib, heavy 6 930 $1,011.04 4.42 204A Rack, chined 46 8,086 $1,015.08 33.09 204B Rack, roast-ready 23 6,227 $1,218.86 3.72 204C Rack, roast-ready, frenched 164 18,702 $1,595.37 (29.82) 204D Rack, roast-ready, special 8 1,423 $2,239.40 50.64 206 Shoulders 92 49,603 $289.23 (0.85) 207 Shoulders, square-cut 180 112,301 $304.91 (4.18) 208 Shoulders, square-cut, bnls 52 9,735 $624.66 14.54 209 Breast 122 52,468 $206.12 (2.46) Breast, bulk 6 10,227 $213.59 (0.26) 209A Ribs, Breast bones off 41 4,798 $555.15 (3.88) 210 Foreshank 188 18,802 $417.20 4.32 231 Loins 22 1,933 $481.27 (1.51) 232 Loins, trimmed 4x4 103 13,999 $607.03 (0.06) 232 Loins, trimmed 2x2 25 2,066 $772.65 (0.94) 232 Loins, trimmed 1x1 92 20,278 $813.22 (50.24) 232 Loins, trimmed 0x0 27 1,943 $986.48 10.58 232A Loins, short-cut, 1x1 13 1,094 $794.42 1.25 232C Loin, boneless, tied 16 1,538 $1,611.32 1.88 232E Flank, untrimmed 35 17,576 $129.44 3.69 233 Legs 84 14,746 $350.06 0.71 233A Leg, trotter-off 203 45,696 $364.21 (2.08) 233C Leg, trotter-off, partial bnl 31 6,678 $525.85 3.76 233E Leg, steamship 10 765 $534.75 7.57 233F Hindshank 105 27,421 $389.27 3.18 234 Leg, Boneless, Tied 182 43,749 $541.90 3.30 234A Leg, shank off, bnls 25 3,519 $743.32 20.73 234E Leg, inside, boneless 70 8,842 $789.61 (45.66) 234G Sirloin, boneless 26 1,252 $802.14 (4.97) 236 Back, trimmed 3 47 $670.38 (3.58) 238 Trimmings 30 7,710 $496.36 (0.21) 239 Special trimmings 19 1,340 $534.84 (14.93) 295 Lamb for stewing 56 8,584 $599.19 14.92 296 Ground lamb 110 21,064 $571.36 (4.37) Necks 44 8,003 $180.18 (7.85) --------------------------------------------------------------------------------FROZEN CHOICE & PRIME CUTS # Of Total Weighted Change from IMPS Sub-Primal Trades Pound Average Prior Days --------------------------------------------------------------------------------210 Foreshank 11 3,283 $352.94 (13.63) 232E Flank, untrimmed 4 11,468 $77.22 0.00 233A Leg, trotter-off 7 83,259 $287.99 (0.58) 233F Hindshank 3 1,563 $393.88 234 Leg, Boneless, Tied 3 1,042 $698.00 0.00 234E Leg, inside, boneless 27 1,797 $955.20 (2.98) 295 Lamb for stewing 22 6,563 $695.73 (9.44) 296 Ground lamb 51 13,365 $604.51 14.93 Necks 17 10,329 $150.82 (0.89)

*Items with no entries indicate non-reportable trades.* CHOICE AND PRIME, YG 1-4 Weight Head 45-DN 127 45-55# 133 55-65# 338 65-75# 895 75-85# 733 85-UP 584

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

Head 2,810 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 73 Wt Avg

CERTIFIED FRESH AMERICAN LAMB

Head

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

Head 47 45 57 48 10 10

due due due due due due

to to to to to to

For W/E 10/14/2017 Monday Tuesday Wednesday Thursday Friday Saturday

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

Total

4,974 9,292 7,729 7,844 6,176 21 -----36,036

Lambs & Yearlings 95.2% Mature Sheep 4.8%

RED MEAT PRODUCTION

(Estimated, except *Actual*)

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

Head 217 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 874.15 -0.73 11.42% 7.54 BREAST ** 207.70 -2.15 7.74% 5.11 SHOULDERS, SQ-CUT 304.91 -4.18 24.17% 15.95 FORESHANK 417.20 4.32 3.48% 2.30 NECK ** 163.64 -1.88 2.31% 1.52 HINDSADDLE 232 LOINS, TRIMMED 4X4 607.03 -0.06 10.91% 7.20 232E FLANK UNTRIMMED ** 108.82 2.63 2.81% 1.85 233A LEG, TROTTER OFF 364.21 -2.08 31.29% 20.65 --------------------------------------------------------------------------GROSS CARCASS VALUE: 391.15 -1.73 94.13% 62.13 204 209 207 210

FORESADDLE VALUE HINDSADDLE VALUE

H

ACTUAL SLAUGHTER UNDER FEDERAL INSPECTION

423.25 407.12

-2.35 -1.30

49.12% 45.01%

Carcass value less process/packaging per cwt cost of $44.85 NET CARCASS VALUE 346.30 -1.73 * 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 10/14/2017, 2.00 lbs heavier than last week. **Includes Fresh and Frozen Product

32.42 29.71

28-Oct-2017 21-Oct-2017 Change *29-Oct-2016* Change 2017 YTD: *2016 YTD:* Change 14-Oct-2017

2.5 2.3 8.7% 2.6 -3.8% 107.4 113.9 -5.7% 2.4

Average Live Weights

28-Oct-2017 21-Oct-2017 *29-Oct-2016* 14-Oct-2017

Dressed

28-Oct-2017 21-Oct-2017 *29-Oct-2016* 14-Oct-2017

Slaughter

131 131 133 132 66 66 66 66

28-Oct-2017 38,000 21-Oct-2017 36,000 Change 5.6% *29-Oct-2016* 39,000 Change -2.6% 2017 YTD: 1,579,000 *2016 YTD: 1,651,000 Change -4.4%

US FEDERALLY INSPECTED SLAUGHTER BY REGION S F R

t e e

a d g

n e i

1/ : 2/ Sheep Year -------------------------------------1,000 head 1 0.6 0 2 3.7 0.3 3 3 2.6 0.2 2 4 1.4 0.2 1 5 6.0 0.4 5 6 0.6 0.1 0 7 0.2 0 8 15.1 0.3 14 9 5.0 0.1 4 10 0.9 0 -------------------------------------U.S. 2/ : 36.0 1.7 34 -------------------------------------(D) 1/

2/

LAMB AND MUTTON IMPORTS

Week Ending 10/14/2017 ------------------------------------------dard : Sheep ral :-----------------------------------ons : Total Mature Lambs & lings --------. . . . . . . . . . . -

6 4 4 1 6 6 2 7 9 9 -------3 --------

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 3 Canada Chile Iceland Mexico New Zealand 29 Northern Ireland Spain Uruguay Total 32

10/15/17 to 10/21/17 Carcasses 70

Cuts

Metric Tons

Edible Offals

598

Primals & Subprimals

Week 42 Weekly Total

426 1

1,097 2

12

6 19

9

171

12 6 228

622

9

609

1,344

2

216

29

25

272

2

216

29

25

272

70

Year-toDate Total 45,034 80 739 240 1,453 21,509 0 1,219 0 70,275

Corned (Species)

Mutton Australia Chile New Zealand Total

12,072 189 5,117 17,378

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 10/21/17 58,744 3,854 3,115 428,821

Week Ago 10/14/17 50,457 3,348 2,922 359,626

WEEKLY VOLUME

Year Ago YTD YTD 10/22/16 2017 2016 53,572 2,272,232 2,141,965 3,819 161,327 162,815 3,368 133,727 144,073 438,682 16,647,312 16,368,844

%Change 6.1% -0.9% -7.2% 1.7%

Texas to Mexico Daily Livestock Exports FRI, 10/27/2017

EXPORTS 10/26/17 0 342 0 0 342

Slaughter Lambs Slaughter Ewes Breeding Males Breeding Females Total Sheep

CURRENT WEEK-T-D 0 342 0 0 342

CURRENT Y-T-D 0 4,572 9 33 4,614

PREVIOUS Y-T-D 0 5,258 0 0 5,258

H

US TO MEXICO WEEKLY LIVESTOCK EXPORT SUMMARY Thu 10/26/2017 Slaughter Lambs Ewes Breeding Males Breeding Females Total

Current Week 10/21/2017

Previous Week 10/14/2017

0 0 0 0 0

0 300 0 0 300

Current Y-T-D 0 4,230 9 33 4,272

Previous Y-T-D* 0 5,258 0 0 5,258

PERCENT CHANGE

-18.75%

AUS = Australian

NZ = New Zealand

Negotiated Sales 0-21 days: Fresh Cuts = 1,156,342 Pounds Frozen Cuts = 1,459,196 Pounds -------------------------------------------------------------------------------NEGOTIATED SALES, FRESH # of Total Weighted Sub-Primal Trades Pounds Price Range Average -------------------------------------------------------------------------------AUS Rack, FR, Cap-off, 20-24 oz 31 9,479 846.00 1,116.00 980.84 AUS Rack, FR, Cap-off, 24-28 oz 32 12,347 890.00 1,143.00 1,036.20 AUS Rack, FR, Cap-off, 28 oz/up 47 45,959 889.00 1,163.00 973.04 AUS Shoulder, Square-cut 30 103,662 248.00 329.00 289.36 AUS Foreshank, VP 27 16,194 261.00 390.00 351.72 AUS Shortloin, 1-Rib, 1x1 9 15,086 436.00 585.00 493.92 AUS Shortloin, 1-Rib, 0x0 38 186,686 433.00 585.00 544.29 AUS Leg, semi bnls 11 6,651 323.00 460.00 404.50 -------------------------------------------------------------------------------NEGOTIATED SALES, FROZEN # of Total Weighted Sub-Primal Trades Pounds Price Range Average -------------------------------------------------------------------------------AUS Rack, FR, Cap-off, 20-24 oz 19 19,183 892.00 1,116.00 930.37 AUS Rack, FR, Cap-off, 24-28 oz 10 3,338 944.00 1,097.00 977.29 AUS Rack, FR, Cap-off, 28 oz/up 4 972 715.00 1,075.00 948.49 AUS Shoulder, Square-cut 41 69,817 199.00 284.00 243.18 AUS Shoulder, Square-cut, bnls 19 49,657 376.00 451.00 386.69 AUS Foreshank, LP 48 76,424 215.00 368.00 254.56 AUS Leg, Long 84 222,120 236.00 427.00 363.99 AUS Hindshank, LP 7 2,045 279.00 360.00 320.64 AUS Hindshank, VP 15 16,051 222.00 243.00 227.31 AUS Leg, bnls 61 183,137 334.00 484.00 382.71 NZ Rack, FR, Cap-off, 12 oz/dn 4 1,421 1,004.00 1,038.00 1,013.84 NZ Rack, FR, Cap-off, 12-16 oz 58 23,252 949.00 1,115.00 1,003.15 NZ Rack, FR, Cap-off, 16-20 oz 102 69,653 902.00 1,097.00 977.90 NZ Rack, FR, Cap-off, 20 oz/up 26 10,480 785.00 1,087.00 950.45

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 3,126 3,126 3,771 5,714

Formula *Not reported due to confidentiality* *Not reported due to confidentiality* *Not reported due to confidentiality* 7,714

Comments: Compared to last week, negotiated purchases of slaughter lambs were 2.00 to 5.00 lower on comparable sales. NEGOTIATED PURCHASES Slaughter Lambs: Live Basis - Choice and Prime Head Count 2836

Weight Range under 170 lbs over 170 lbs

Wtd Avg Wtd Avg Price Wtd Avg Weight Dr Pct Range Price 144.10 50.20 124.60-152.55 141.17 *Not reported due to confidentiality*

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

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: 75.10 lbs Weighted Average Net Price: 297.23 Weighted Average Dressing Percent: 50.18

WEEKLY LAMB PELTS PRICE REPORT - FOB Major Production Points Per Piece Price Estimated Credit Returned to Producers Per Piece Price for Week Ending: 10/27/2017 Pelt activity this week compared to last report: Compared to last week, higher quality unshorn pelts were steady to 0.25 higher. All other classifications of pelts were generally steady. Unshorn Supreme Premium Standard Fair Mixed Class Damaged/Puller

Price Range 5.50 - 9.25 (0.75)- 2.50 (1.00)- 2.00 (1.50)- 2.00 (1.50)- 1.50 (1.50)-(1.25)

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 23, 2017 through Friday October 27, 2017 showed 18,026 pelts consisting of 80.6% Unshorn and 19.4% Shorn .

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. 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 wer e 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 In Australia this week, the Eastern Market Indicator was up 10 at 1578 cents per Kg clean from the sale a week ago. A total of 43,473 bales were offered with sales of 96.8 percent. The Australian exchange rate was stronger by .0135 at .7717 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 c ontamination, 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 7.77 6.82 5.96 5.60 5.36 5.26 ---4.14 3.70 2.62 1.96 1.55 4.48

Change from Previous Sale - .05 - .05 - .07 - .08 - .06 - .01 ----- .20 - .18 - .14 - .03 - .03 + .03

75-85 Percent of Australia 5.83-6.60 5.12-5.80 4.47-5.07 4.20-4.76 4.02-4.55 3.94-4.47 --------3.11-3.52 2.77-3.14 1.97-2.23 1.47-1.66 1.16-1.31 3.36-3.80

Eastern Market Indicator closed up 10 at 1578 cents per kg clean. Australian exchange rate was stronger by .0135 at .7717 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

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

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

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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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