Station mated shedding breed ewes returned the highest clearance across the joined ewe categories, at 78%, with the category averaging $11 higher on last week, at $288/head.

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Wool-3Merino Fleece opened the week with little hope of keeping last week’s price levels intact, however after the first 150 lots the support quickly fell away especially for poor style, low tensile strength, overlong staple length and poorly specified lots.

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It’s now time to consider nominating a worthy recipient for the 2022 Australian Wool Industry Medal.

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The AWEX EMI closed on 1408c - down 5c at auction sales in Australia last week with 88.1% of the 47,251 bale offering cleared to the trade as the Australian Based exporters jostled with the Chinese and Italian Indent buyers and large early stage processors to complete their immediate commitments.

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The offering of 49,431 bales coupled with the sharp rise in the foreign currency exchange rates; the economic impact of the Russian-Ukrainian war; the delayed dumping and shipping logistics; exporter financial restrictions; have all had negative overtones for this week’s market expectations.

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Lambs are now flowing on to the market, lifting 2022 weekly lamb slaughter volumes above 2021 and 2020 levels for the first time this year.

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Composite/other breed lambs accounted for 5% of the offering this week, with 5,350 head and the category registered the largest price gains – up $106, to average $279/head.

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The AWEX EMI closed the week on 1407c - down 14c at auction sales in Australia last week with the 50,120 bale offering added undue pressure which was articulated in the reduced clearance of 87.8%.

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Merino ewe lamb numbers held firm on last week, with a total of 2,181 head and prices for the category increased $26 to average $289/head, with high demand pushing clearance rates to 90%.

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Merino Skirtings opened parallel to their fleece counterparts. Ultra-Fine skirts that were well specified attracted keen competition, whilst the rest drifted from last week’s levels, closing slightly cheaper. Wednesday experienced a reversal of this trend, closing with some lots adding 25c for the day.

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Shedding breed lambs had a total offering of 8,146 head last week, which returned the highest clearance rate among the lamb categories, at 84%. Prices for the category averaged $345/head – up $71.

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