GL_LS850 Greeley, CO Fri May 29, 2020 USDA- CO Dept of Ag Market News National Wool Review Domestic wool trading on a clean basis was slow this week. There were 148,658 lbs of confirmed trades reported. A large amount of wool was offered in the last week, though several sales are not confirmed at this time. Any new confirmations from the offerings will be reported next week, or as they confirmed sold. 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 2.97* None 22 62s None None None 23 60-62s 2.16* None None 24 60s 2.05* None None 25 58s 1.60* None None 26 56-58s 1.39* None None 27 54-56s None None None 28 54s 0.67 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. As with the clean wool offered, there were several lots of greasy wool offered this past week. Prices will be reported in the upcoming report as there is confirmation of selling. 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 15 at 1170 cents per Kg clean from the sale a week ago. A total of 18,828 bales were offered with sales of 92.1 percent. The Australian exchange rate was weaker by .0092 at .6641 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 4.66 + .14 3.49-3.96 19 70-80s 4.27 + .12 3.20-3.63 20 64-70s 4.07 + .10 3.05-3.46 21 64s 4.03 + .11 3.02-3.42 22 62s ---- ----- --------- 23 60-62s ---- ----- --------- 24 60s ---- ----- --------- 25 58s ---- ----- --------- 26 56-58s 2.56 ----- 1.92-2.18 28 54s 1.94 + .08 1.46-1.66 30 50s 1.53 + .04 1.15-1.30 32 46-48s 1.10 ----- 0.82-0.93 Merino Clippings 2.73 + .09 2.05-2.32 Eastern Market Indicator was up 15 at 1170 cents per kg clean. Australian exchange rate was weaker by .0092 at .6641 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