Return to News Categories

ALL NEWS SECTIONS:
MOST POPULAR SECTIONS:
Cattle - Hogs / Livestock News Currencies News Energy News Grain News Index News Interest Futures News Metals Futures News Reports: Crops, CFTC, etc Soft Commodities News

Futures and Commodity Market News

USDA - AMS: National Wool Review (Fri) (2019-05-31)

USDA U.S. Department of Agriculture - May 31, 2019

GL_LS850
Greeley, CO    Fri May 31, 2019    USDA- CO Dept of Ag Market News

National Wool Review

Domestic wool trading on a clean basis was active this week.  There were 421,013 
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            None            None
19        70-80s            None            None            None 
20        64-70s            None            None            None 
21        64s               None            5.21*           None 
22        62s               None            5.20*           None 
23        60-62s            4.38*           4.87*           None 
24        60s               None            4.39*           None 
25        58s               None            3.56*           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 active this week. There were 371,781 
lbs of confirmed trades reported.  All trades reported on a weighted average.

   Fleece States Ewe Wool:  65-70mm 21 micron 2.79.
   Territory States Ewe Wool:  55-60mm 19 micron 2.24; 60-65mm 20 micron 2.32; 
65-70mm 21 micron 2.79; 60-70mm 22 micron 2.35; 60-70mm 23 micron 2.10; 55-65mm 
24 micron 1.60; 55-65mm 25 micron 1.34.
   Territory States Yearling Wool:  60-65mm 18 micron 3.34; 60-70mm 20 micron 
2.89; 55-65mm 21 micron 2.56.
   Territory States Bellies:  45-55mm 23 micron 0.82.
   Territory States Pieces:  45-50mm 22 micron 0.68.

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 54 at 1887 cents 
per Kg clean from the sale a week ago.  A total of 28,273 bales were offered 
with sales of 91.6 percent.  The Australian exchange rate was weaker by .0048 
at .6925 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               7.44            + .18         5.58-6.33
  19      70-80s            7.12            + .25         5.34-6.05 
  20      64-70s            7.08            + .23         5.31-6.02
  21      64s               7.10            + .30         5.33-6.04
  22      62s               7.00            + .20         5.25-5.95  
  23      60-62s            6.52            + .11         4.91-5.56
  24      60s               ----            -----         ---------
  25      58s               ----            -----         --------- 
  26      56-58s            ----            -----         ---------
  28      54s               3.68            + .19         2.76-3.13
  30      50s               3.09            + .17         2.32-2.62
  32      46-48s            2.09            + .15         1.57-1.78
  Merino Clippings          3.42            + .06         2.56-2.91

Eastern Market Indicator was up 54 at 1887 cents per kg clean. Australian 
exchange rate was weaker by .0048 at .6925 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

0900m      crd

Please read the End User Agreement.
By accessing this page, you agree to the terms and conditions of the End User Agreement.

News provided by COMTEX.


Extreme Futures: Movers & Shakers

Hottest

Actives

Gainers

Today's Hottest Futures
Market Last Vol % Chg
Loading...

close_icon
open_icon