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USDA-GL: National Wool Review (Fri)

Greeley, CO - Thu Nov 9, 2017 - USDA- CO Dept of Ag Market News

***This report is being posted a day early, due to the Veteran’s day holiday on 
Friday, November 10.***

National Wool Review

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. 

            US             Fleece         Territory      Texas and
Micron    Grades           States          States        New Mexico
18        80s               None            None            None
19        70-80s            None            None            None 
20        64-70s            None            None            None 
21        64s               None            None            None 
22        62s               None            None            None 
23        60-62s            None            None            None 
24        60s               None            None            None 
25        58s               None            None            None 
26        56-58s            None            None            None 
27        54-56s            None            None            None 
28        54s               None            None             NA
29        50-54s            None            None             NA
30-34     44-50s            None            None             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 

  In Australia this week, the Eastern Market Indicator was up 58 at 1681 cents 
per Kg clean from the sale a week ago.  A total of 43,432 bales were offered 
with sales of 98.7 percent.  The Australian exchange rate was stronger by .0028 
at .7689 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.

                      Clean Del Price    Change from    75-85 Percent
Micron    US Grade    in U.S. Dollars   Previous Sale    of Australia 
  18      80s               8.17            + .23         6.13-6.95
  19      70-80s            7.15            + .15         5.36-6.08
  20      64-70s            6.29            + .15         4.72-5.35
  21      64s               5.87            + .10         4.40-4.99
  22      62s               5.59            + .16         4.20-4.76  
  23      60-62s            ----            -----         ---------
  24      60s               ----            -----         ---------
  25      58s               4.45            + .19         3.34-3.78 
  26      56-58s            3.98            + .16         2.98-3.38
  28      54s               3.02            + .30         2.26-2.56
  30      50s               2.30            + .28         1.72-1.95
  32      46-48s            1.82            + .27         1.37-1.55
  Merino Clippings          4.90            + .20         3.68-4.17

Eastern Market Indicator closed up 58 at 1681 cents per kg clean. Australian 
exchange rate was stronger by .0028 at .7689 percent of the U.S. dollar.

Source:   USDA- CO Dept of Ag Market News Service, Greeley, CO
          Chris Dias, Market Reporter (970)353-9750
          24 Hour Market Report (970)353-8031

0800m      crd

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