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USDA - AMS: National Wool Review (Fri) (2020-09-18)

USDA U.S. Department of Agriculture - September 18, 2020

GL_LS850 
Greeley, CO    Fri Sep 18, 2020    USDA- CO Dept of Ag Market News

National Wool Review

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 inactive 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
         .20-.30              .10-.20              .01-.05

In Australia this week, the Eastern Market Indicator was up 47 at 937 
cents per Kg clean from the sale a week ago.  A total of 29,408 bales 
were offered with sales of 94.1 percent.  The Australian exchange rate 
was weaker by .0098 at .7318 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               4.40            + .32         3.30-3.74
  19      70-80s            3.77            + .23         2.83-3.20 
  20      64-70s            3.43            + .22         2.57-2.91
  21      64s               3.31            + .16         2.48-2.81
  22      62s               3.21            + .17         2.41-2.73  
  23      60-62s            ----            -----         ---------
  24      60s               ----            -----         ---------
  25      58s               ----            -----         --------- 
  26      56-58s            2.22            + .17         1.67-1.89
  28      54s               1.70            + .11         1.27-1.44
  30      50s               1.39            + .04         1.04-1.18
  32      46-48s            0.87            -----         0.65-0.74
  Merino Clippings          2.33            + .14         1.75-1.98

Eastern Market Indicator was up 47 at 937 cents per kg clean. Australian 
exchange rate was weaker by .0098 at .7318 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

1300m      crd

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