American Sheep Industry Weekly May 6, 2016…

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NEWS FOR SHEEP INDUSTRY LEADERS

Upcoming Events

Lamb Price Reporting Comments Available for Viewing

The comment period for Livestock Mandatory Reporting closed effective April 29. Producers can now go online to view the comments atwww.regulations.gov/#!docketBrowser;rpp=100;so=DESC;sb=docId;po=0;dct=PS;D=AMS-LPS-15-0070. Of the 10 comments submitted, one appears to be from an activist, one is specific to swine and eight comments focus on the recommended revisions to the lamb reporting requirements.

The American Sheep Industry Association supports the suggested terms as defined in the proposed rule, stating it believes the needs of the producer would be met by implementing these changes.

“These proposed revisions should help reflect the objectives of reporting accurate and usable market information and data for lamb producers,” ASI states in its comments.

As defined in the proposed rule, lambs committed refers to lambs that are intended to be delivered to a packer beginning on the date of an agreement. Various comments, specifically from the packer organizations, request clarity for this definition, indicating it is subject to broad interpretation and will be impacted by the lambs’ life cycle and marketing time frame.

Also of concern is the reporting definition of pelt prices. According to the processor comments, pelt pricing is reported on a lot basis versus an individual animal basis, making this type of reporting challenging to production. Clarification of this definition has been requested.

In addition, the Livestock Risk Protection-Lamb insurance program relies on the publication of formula lamb-price reporting. Until weekly formula lamb prices are again reported, LRP-Lamb will remain off-line.

May 24 Let’s Grow Webinar Takes You On a Journey

Register now to participate in the upcoming Let’s Grow Program webinar titled A journey: The opportunities and challenges of melding genomics into U.S. sheep breeding programs. Ron Lewis, Ph.D., will be the presenter with Jay Parsons, Ph.D., hosting. Both work with the University of Nebraska at Lincoln.

The webinar will take place on May 24 at 7 p.m. central daylight time. To register, go to https://attendee.gotowebinar.com/register/6532733317647363585.

The efficiency of lamb and wool production has increased substantially worldwide by applying traditional quantitative genetic principles in sheep breeding programs. Accelerating those gains depends on melding state-of-the-art technologies in animal genomics with quantitative genetics approaches to more accurately identify high merit animals. The aim of this webinar will be to demystify these technologies.

This will entail a journey – a genomics road trip – beginning with the key terminology and principles of modern biology. Next on the journey will be reflection, considering ways genomics may enhance, yet certainly not replace, the fundamentals of successful sheep breeding programs. The inevitable bumps along the road will then be identified, which include the resource and financial challenges that using genomic tools entail.

The sign of a successful journey is to plan the next one. Therefore, the webinar will conclude with an overview of a new project, funded by the Let’s Grow Program of the American Sheep Industry Association, which begins the melding of genomics into U.S. sheep breeding programs.

After registering for the webinar, you will receive a confirmation email containing information about joining the presentation.

AU Wool Market Moves Up as it Responds to Rate Cut

The Australian wool market is riding a two-week rally as the Australian dollar plunges by two percent in reaction to the Reserve Bank of Australia’s interest-rate cut to a record low of 1.75 percent. Trading above 77 US cents early in the week, the dollar closed out the week at 75 cents, 1.2 cents lower than the previous Thursday.

Early trading at Sydney and Melbourne indicated a 20 cent hike on last week’s Eastern Market Indicator to nudge 1260 cents per kilogram; although, due to the decrease in the Australian dollar, the rise of EMI in U.S.-dollar terms increased only slightly.

TechWool Trading remained the dominant buyer for the past two week, securing 15 percent of the national offering. Lempriere Wool climbed to second on the major buyers list in Melbourne, while China Tech dropped to seventh position.

TechWool wool buyer Stuart Greenshields said the northern market’s rise of 40 cents on last week’s sale was surprising and was due to reduced supply, increased demand and the lower Australian dollar.

“The dollar is becoming crucial – the U.S. price is what the Chinese are paying and that hasn’t changed a lot in the past two to three weeks, so unless they lift their prices to follow the market, the currency will be driver,” said Greenshields.

Last week’s market closed 24 cents higher in Australian currency and 6 cents lower in U.S. currency at sales in Sydney, Melbourne and Fremantle.

Buyers for India continued to be dominant, with support from Chinese, European and Korean buyers.

American Textiles – We Make AmazingTM

Throughout the last year, the National Council of Textile Organizations has been engaged in a rebranding campaign designed to accurately define the 21st century U.S. textile industry. The program is entitled “American Textiles – We Make AmazingTM.”

The print, digital and visual materials were created to correct outdated and misleading impressions of the industry and to establish a baseline appreciation for the industry as a major employer, investor, innovator, producer, exporter and competitor in the global marketplace.

The “We Make Amazing” logo taps into the authentic character of the U.S. textile industry’s values and purpose.

A one-minute video that tells the visual story of the campaign by showing how textiles impact our daily lives was also created. The video can be accessed athttps://vimeo.com/wrayward/review/161766909/cac4775545https:/vimeo.com/wrayward/review/161766909/cac4775545.

Public Land Ranchers Care for the Land

Today, more than 22,000 public land ranchers maintain 250 million acres of U.S. public land. These ranchers are widely recognized for their work to protect the environment in which they live and operate, safeguarding open spaces, maintaining water sources and sustaining plant and wildlife populations.

Brenda Richards, president of the Public Lands Council from Reynolds Creek, Idaho, says 2015 was a year of wins and some disappointments for public land ranchers.

Watch what Richards has to say about 2015 and listen to PLC’s priorities for 2016 in her interview at www.youtube.com/watch?v=O3L5gYI1jAE&index=1&list=PLvmdHSmZBuFtZIJJixqwXg7HI7V89R-EE.

The Northern Ag Network coordinated the selection of topics and subject matter experts to be interviewed during the American Sheep Industry Association’s Annual Convention in Scottsdale, Ariz. This is the third in a series of videos that will be released throughout the year. All of the short videos are conveniently placed in a playlist titled Sheep Industry Priorities Video Series at www.youtube.com/user/SheepUSA1.

Poison Ivy-Eating Goats Coming To Prospect Park

There used to be sheep in Central Park and cows roaming underneath Manhattan, but this kind of rural livestock is largely missing from contemporary NYC. Soon, however, Prospect Park (where there were also sheep in the early 1900s) will introduce goats to its landscape.

The eight goats, arriving May 16, will be coming in temporarily “to assist with woodland restoration after damage caused by Hurricane Sandy and other recent storms,” according to the Prospect Park Alliance. This is costing about $15,000, and funding is coming from the National Parks Service, administered through the New York State Office of Parks, Recreation and Historic Preservation. The goats will stay in a protected, fenced-in area throughout their time in the park.

The alliance explains that the storms “damaged over 500 trees in the park, leaving the woodlands vulnerable to invasive plants and weeds” including English ivy, goutweed and poison ivy.

Farmer Larry Cihanek told the alliance, “They will eat their favorite foods first, and one of their top foods is poison ivy. They love it.”

MARKET NEWS

Weekly National Market Prices for Wool

The U.S. Department of Agriculture’s prices for wool can be accessed at www.fsa.usda.gov/programs-and-services/economic-and-policy-analysis/fibers-peanuts-tobacco/wool-and-mohair-reports/2016/wamrpt050316. The effective repayment rate is the lower of either the 30-day average or weekly rate.

GREASE PRICES in $ per pound

Ungraded Wool

40 cents
56 cents
Not Available

Unshorn Pelt

6.865 lbs x
Ungraded Wool LDP
Not Available

Wool LDPs are not available when the weekly repayment rate is above loan rate.

Market Summary, Week ending April 29, 2016
Feeder Prices ($/cwt.), San Angelo: 49 lbs. for 222; 60-70 lbs. for 190-210; 70-80 lbs. for 179-190; 80-90 lbs. for 168-179; 90-100 lbs. for 164-174.
Slaughter Prices – Negotiated ($/cwt.), wooled and shorn 127-185 lbs. for 117.08-150 (wtd avg 132.12).
Slaughter Prices – Formula1, Only heavier lambs reported: 1,640 head 85-95 lbs. for 255.75; 3,852 head over 95 lbs. for 241.72.
Equity Electronic Auction, No sales.
Cutout Value/Net Carcass Value2, $307.56/cwt.
Carcass Price, Choice and Prime, YG 1-4, $/cwt., weighted averages, 502 head at 55-65 lbs. for 327.72; 1,316 head at 65-75 lbs. for 285.09, 1,233 head at 75-85 lbs. for 274.80; 1,099 head at 85+ lbs. for “no prices reported due to confidentiality”.
Boxed Lamb, weighted average prices ($/cwt.), Trimmed 4″ Loins 514.99, Rack, roast-ready, frenched (cap-on) 1,351.30, Rack, roast-ready, frenched, special (cap-off) 1,872.09, Leg, trotter-off, partial boneless 475.87, Shoulder, square-cut 272.91, Ground lamb 547.88.
Imported Boxed Lamb, weighted average prices ($/cwt.), AUS Rack (fresh, frenched, cap-off, 28 oz/up) 842.23, AUS Shoulder (fresh, square-cut) 212.61, AUS Leg (fresh, semi boneless) 414.41, AUS Rack (frozen, frenched, cap-off, 28 oz/up) 659.13, NZ Rack (frozen, frenched, cap-off, 20 oz/up) 699.05, AUS Shoulder (frozen, square-cut) 169.41.
Exported Adult Sheep, 0 head
Wool, Price ($/pound) Clean, Delivered, 18 micron (Grade 80s) 4.55, 19 micron (Grade 80s) 4.52, 20 micron (Grade 70s) 4.14-4.30, 21 micron (Grade 64-70s) 4.11-4.27, 22 micron (Grade 64s) 4.06-4.10, 23 micron (Grade 62s) 3.50-4.09, 24 micron (Grade 60-62s) 3.43-3.61, 25 micron (Grade 58s) 3.09, 26 micron (Grade 56-58s) 2.94, 27 micron (Grade 56s) NA, 28 micron (Grade 54s) NA, 29 micron (Grade 50-54s) NA, 30-34 micron (Grade 44-50s) NA.
Australian Wool, Clean, delivered FOB warehouse & gross producers ($/pound), 18 micron (Grade 80s) 3.96-4.49, 19 micron (Grade 80s) 3.83-4.34, 20 micron (Grade 70s) 3.71-4.21, 21 micron (Grade 64-70s) 3.64-4.13, 22 micron (Grade 64s) 3.57-4.05, 23 micron (Grade 62s) 3.54-4.01, 24 micron (Grade 60-62s) NA, 25 micron (Grade 58s) 3.01-3.41, 26 micron (Grade 56-58s) 2.77-3.14, 28 micron (Grade 54s) 2.12-2.40, 30 micron (Grade 50s) 1.85-2.10, 32 micron (Grade 46-48s) 1.61-1.83, Merino Clippings 2.78-3.15.
1Heavier lambs typically bring lower prices per lb. 2The cutout value is the same as a net carcass value. It is a composite value that sums the value of the respective lamb cuts multiplied by their weights. It is also the gross carcass value less processing and packaging costs.
Source: USDA’S AMS

Category
2016
Loan Rate
Effective
Repayment
Rate
LDP Rate
Week of 5/4/16
Graded Wool
CLEAN PRICES in $ per pound
<18.6 Micron
3.88
4.10
$.04 LDP Available
18.6-19.5
3.38
3.96
Not Available
19.6-20.5
2.94
3.85
Not Available
20.6-22.0
2.72
3.77
Not Available
22.1-23.5
2.56
3.69
Not Available
23.6-25.9
2.33
3.22
Not Available
26.0-28.9
1.78
1.98
Not Available
> 29 Micron
1.38
1.53
Not Available

American Sheep Industry Association; 9785 Maroon Circle, Suite 360; Englewood, CO 80112-2692
Phone: (303) 771-3500 Fax: (303) 771-8200 Writer/Editor: Judy Malone E-mail: judym@sheepusa.org
Web site: http://www.sheepusa.org
ASI is an equal opportunity provider and employer.