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