This is a worsted weight yarn made from medium grade Icelandic wool. The name útivist translates as "outdoors", so this is meant for outer garments that will stand up to some weather. The color is a brown and white barber pole, made with undyed wool. The yardage is not specified on the label, but I would estimate that each skein is around 200 yards. 

Made in Iceland.

Colorway 1040, Lot 5

Fiber: Icelandic Wool
Weight: 3.5 oz., 100 g