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USDA - AMS: National Wool Review (Fri) (2019-05-10)

USDA U.S. Department of Agriculture - May 10, 2019

GL_LS850
Greeley, CO    Fri May 10, 2019    USDA- CO Dept of Ag Market News

National Wool Review

Domestic wool trading on a clean basis was very active this week.  There were 
824,333 lbs of 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            6.61*           None
19        70-80s            None            6.54*           None 
20        64-70s            6.29*           6.41*           None 
21        64s               None            6.28*           None 
22        62s               5.79*           6.12*           None 
23        60-62s            5.40*           5.74*           None 
24        60s               5.11*           5.13*           None 
25        58s               None            4.23*           None 
26        56-58s            None            3.54*           None 
27        54-56s            None            3.08*           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 active this week. There were 439,474 
lbs of confirmed trades reported.  All trades reported on a weighted average.

   Territory States Ewe Wool:  65-70mm 20 micron 3.06; 65-70mm 21 micron 3.05; 
65-70mm 22 micron 2.97; 60-70mm 23 micron 2.51; 60-70mm 24 micron 2.47; 60-65mm 
25 micron 1.85; 50-55mm 29 micron 0.46; 60-65mm 32 micron black wool 0.25.
   Yearling Wool:  70-75mm 19 micron 3.87; 60-70mm 20 micron 3.33; 60-70mm 21 
micron 3.31; 60-65mm 23 micron 2.87; 50-55mm 24 micron 1.17.
   Bellies:  50-55mm 22 micron 0.96; 60-65mm 26 micron 0.85.
   Pieces: 40-45mm 21 micron 1.02; 40-45mm 24 micron 0.70; 40-45mm 26 micron 
0.50.

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 down 8 at 1952 cents 
per Kg clean from the sale a week ago.  A total of 32,801 bales were offered 
with sales of 87.1 percent.  The Australian exchange rate was stronger by .0047 
at .6974 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               7.68            - .11         5.76-6.53
  19      70-80s            7.37            - .12         5.53-6.27 
  20      64-70s            7.28            - .11         5.46-6.19
  21      64s               7.26            - .10         5.44-6.17
  22      62s               7.22            - .06         5.42-6.14  
  23      60-62s            ----            -----         ---------
  24      60s               ----            -----         ---------
  25      58s               ----            -----         --------- 
  26      56-58s            4.97            - .00         3.73-4.22
  28      54s               4.34            + .03         3.25-3.68
  30      50s               3.33            - .02         2.50-2.83
  32      46-48s            2.24            - .01         1.68-1.90
  Merino Clippings          3.60            - .02         2.70-3.06

Eastern Market Indicator was down 8 at 1952 cents per kg clean. Australian 
exchange rate was stronger by .0047 at .6974 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
          www.ams.usda.gov/mnreports/GL_LS850.txt

0830m      crd

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