This is 3-ply yarn. It's wool - a blend of Corriedale and CVM (two breeds of sheep). I would not blend the two fleeces again - it wasn't a great choice. The roving, although pin-drafted and pretty much ready to spin, "sticks" to itself, making it difficult to draft easily. It has a slightly warmer, tan cast to it than this photo would have you believe.
I have 7 pounds of it, however, so I'm going to be spinning it for quite some time :-D