GL_LS850 Greeley, CO Fri Feb 3, 2012 USDA- CO Dept of Ag Market News National Wool Review Domestic wool trading on a clean basis was slow this week. With no confirmed sales this week. Demand good. All prices reported on a weighted average. Domestic clean wool, confirmed trades, and reported on a weighted average basis. 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 16 80's NA None None 17 80's NA None None 18 80's None None None 19 70-80's None None None 20 64-70's None None None 21 64's None None None 22 62's None None None 23 60-62's None None None 24 60's None None None 25 58's None None None 26 56-58's None None None 27 54-56's None None NA 28 54's None None NA 29 50-54's None None NA 30-34 44-50's None None NA Domestic wool trading on a greasy basis was light this week. With confirmed sales of 87,000 this week. Demand good. All prices reported on a weighted average. Territory States lamb wool. white face 22.0 micron 38-45mm BI pack 1.43; cross bred 24.0 micron 38-45mm BI pack 1.03; white face 22.0-22.5 micron 57-63mm BI pack 1.55; cross bred 25.0-25.5 micron 57-63mm BI pack 1.00; Pieces .43. Domestic wool tags are delivered to buyer and reported on a greasy basis: Number 1 tags Number 2 tags Number 3 tags .70-.80 .50-.60 .40-.50 The FSA effective LDP rate for wool is unchanged at .00 per pound. The FSA effective LDP rate for mohair is unchanged at .00 per pound. In Australia this week the Eastern Market Indicator was down 1 at 1193 cents per Kg clean from the last sale. A total of 37,382 bales were offered with sales of 90.1 percent. The Australian exchange rate was weaker by .0216 at 1.0736 percent of the U.S. dollar. The sale next week has a total offering of 44,980 bales. 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 75-80 percent of Australia price range can be used as an estimated value of clean 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 US Dollars Last Week of Australia 18 80’s 7.48 + .11 5.61-6.36 19 70-80’s 7.02 + .07 5.27-5.97 20 64-70’s 6.65 + .08 4.98-5.65 21 64’s 6.46 + .09 4.85-5.49 22 62’s 6.41 + .10 4.80-5.44 23 60-62’s 6.37 + .15 4.78-5.41 24 60’s 5.59 + .02 4.19-4.75 25 58’s 4.54 + .14 3.41-3.86 26 56-58’s 3.90 + .08 2.93-3.32 28 54’s 3.06 + .07 2.29-2.60 30 50’s 2.70 + .04 2.03-2.30 32 46-48s 2.49 + .05 1.87-2.11 Merino Clippings 3.57 + .10 2.68-3.04 Eastern Market Indicator closed down 1 at 1191 cents per kg clean. Australian exchange rate was weaker .0216 at 1.0736 percent of the U.S. dollar. Source: USDA- CO Dept of Ag Market News Service, Greeley, CO Charlie Potts, Market Reporter (970)353-9750 24 Hour Market Report (970)353-8031 www.ams.usda.gov/mnreports/GL_LS850.txt 1100c cwp