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USDA - AMS: National Wool Review (Fri) (2020-06-05)

USDA U.S. Department of Agriculture - June 5, 2020

GL_LS850
Greeley, CO    Fri Jun 05, 2020    USDA- CO Dept of Ag Market News

National Wool Review

Domestic wool trading on a clean basis was very active this week.  There 
were 1,254,335 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            3.64*           None
19        70-80s            None            3.35*           3.80*
20        64-70s            3.09*           3.34*           3.50*
21        64s               2.63*           3.20*           3.51*
22        62s               2.48*           2.93*           3.46*
23        60-62s            None            2.61*           None 
24        60s               None            2.10*           None 
25        58s               None            1.53*           None 
26        56-58s            None            1.53*           None 
27        54-56s            None            1.45*           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 498,051 lbs of confirmed trades reported. All trades reported on a 
weighted average.  

   Fleece States Ewe Wool: 60-65mm 19 micron 1.17; 65-75mm 20 micron 
1.25; 65-75mm 21 micron 1.15; 60-70mm 22 micron 0.98.  Yearling Wool: 70-
80mm 18 micron 1.48; 65-75mm 19 micron 1.19; 65-75mm 20 micron 1.13.
   Territory States Ewe Wool: 65-75mm 20 micron 1.36; 65-75mm 21 micron 
1.33; 55-70mm 22 micron 1.09; 55-70mm 23 micron 1.05; 55-70mm 24 micron 
1.05; 60-75mm 25 micron 0.75. Yearling wool: 60-70mm 18 micron 1.63; 70-
75mm 19 micron 1.66; 55-65mm 20 micron 1.45; 70-80mm 21 micron 1.61; 60-
70mm 22 micron 1.34; 55-70mm 23 micron 1.07. Lamb Wool: 55-60mm 18 micron 
1.43; 60-75mm 19 micron 1.71; 55-60mm 20 micron 1.05; 45-50mm 23 micron 
0.60; 75-85mm 24 micron 1.68. Bellies: 21 micron 0.94; 22 micron 0.50. 
Pieces: 22 micron 0.25.
   Texas/New Mexico Yearling Wool: 75-80mm 19 micron 1.91; 70-75mm 21 
micron 1.71. Lamb Wool: 60-70mm 19 micron 1.67.
 
Domestic wool tags are delivered to buyer and reported on a greasy basis:
      Number 1 tags        Number 2 tags        Number 3 tags
         .20-.30              .10-.20              .01-.05 

  In Australia this week, the Eastern Market Indicator was up 13 at 1183 
cents per Kg clean from the sale a week ago.  A total of 15,375 bales 
were offered with sales of 93.2 percent.  The Australian exchange rate 
was weaker by .0300 at .6941 percent of the U.S. dollar. Australian wool 
prices are quoted US Dollar per pound, 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               4.87            + .21         3.65-4.14
  19      70-80s            4.52            + .25         3.39-3.84 
  20      64-70s            4.29            + .22         3.22-3.65
  21      64s               4.24            + .21         3.18-3.60
  22      62s               ----            -----         ---------  
  23      60-62s            ----            -----         ---------
  24      60s               ----            -----         ---------
  25      58s               ----            -----         --------- 
  26      56-58s            2.74            + .18         2.06-2.33
  28      54s               2.08            + .13         1.56-1.76
  30      50s               1.72            + .19         1.29-1.47
  32      46-48s            1.14            + .04         0.86-0.97
  Merino Clippings          2.93            + .20         2.19-2.49

Eastern Market Indicator was up 13 at 1183 cents per kg clean. Australian 
exchange rate was weaker by .0300 at .6941 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

1245m      crd

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