Tuesday, May 16, 2006

Wool Pool Prices Announced

This year's Maryland Wool Pool has been purchased by Chargeurs Wool, Inc. of Jamestown, South Carolina. Prices are down from last year about 10 to 20 cents due to global market forces.

Choice white-face - 0.55
Medium white-face - 0.32
Coarse white-face- 0.27
Non white-face - 0.25
Short - 0.20

The coarse white-face grade is for long wool breeds. Black and gray wool and wool from hair sheep and hair sheep crosses will not be accepted. Wet wool will not be accepted. Wool delivered in polypropylene bags will be refused. Wool delivered in burlap bags will be deducted 3 cents per pound.

The price producers will receive for the wool is the above prices minus a deduction for wool pool expenses (usually between 4 and 8 cents per pound). Maryland Sheep Breeders Association dues of $15 will be withheld on wool sales over $30. Checks will be mailed within several weeks of the pool.

The wool pool will open from 7:30 a.m. until 3 p.m. on Wednesday, June 21. There will be three lines to accept wool. Two lines will accept loose wool. The third line will accept baled wool.

Questions pertaining to the wool pool should be directed to Rich Barczewski at (302) 857-6410 or rbarczew@desu.edu.

Apply for LDP’s Before Losing Beneficial Interest in Wool

Producers planning to apply for loan deficiency payments (LDP’s) or marketing assistance loans must make application with their local FSA office before losing beneficial interest in their wool. Beneficial interest is lost when wool is delivered to a wool pool or sold.

LDP rates for ungraded wool

LDP rate for May 16 was 18 cents per pound for ungraded wool.

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