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USDA - AMS: National Wool Review (Fri) (2019-01-25)

USDA U.S. Department of Agriculture - January 25, 2019

Greeley, CO    Fri Jan 25, 2019    USDA- CO Dept of Ag Market News

National Wool Review

This week much of the industry is currently in New Orleans, Louisiana for the 
annual American Sheep Industry Convention.  Domestic wool trading on a clean 
basis was inactive 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 4 at 1927 cents 
per Kg clean from the sale a week ago.  A total of 41,757 bales were offered 
with sales of 90.4 percent.  The Australian exchange rate was stronger by .0028 
at .7123 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               8.01            + .00         6.01-6.81
  19      70-80s            7.58            - .01         5.68-6.44 
  20      64-70s            7.46            + .03         5.59-6.34
  21      64s               7.39            + .01         5.54-6.28
  22      62s               7.30            + .01         5.48-6.21  
  23      60-62s            ----            -----         ---------
  24      60s               ----            -----         ---------
  25      58s               4.94            -----         3.70-4.20 
  26      56-58s            4.36            - .14         3.27-3.70
  28      54s               3.19            - .03         2.39-2.71
  30      50s               2.54            + .02         1.91-2.16
  32      46-48s            1.72            + .02         1.29-1.46
  Merino Clippings          3.93            - .07         2.94-3.34

Eastern Market Indicator was up 4 at 1927 cents per kg clean. Australian 
exchange rate was stronger by .0028 at .7123 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

0830m      crd

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