Saturday, June 18, 2011

Wool pool takes in 23,822 lbs.

The 2011 Maryland Wool Pool took in slightly more wool than last year, by about 1,000 lbs.  23,822 lbs. of wool was received from producers in Maryland, Delaware, and Pennsylvania.

  Wool grade
Volume (lbs)
Price ($/lb)
  Fine
116
$1.17
  Medium white face
7,995
$1.12
  Coarse white face
5,085
$1.10
  Non white face
2,839
$1.05
  Short
7,787
$0.85
  Total
23,822

Wool prices are the highest they've been in 20 years and the medium-term outlook for wool remains good.  This year's prices are well above the support price for ungraded wool (40 cents/lb), so there are no LDP payments available for this year's wool clip.

The Maryland Wool Pool is managed by Dr. Rich Barzcewski. 

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