Shedding lambs bounce $41 to average $261/head
The robust demand for shedding breeds continues to foster a high clearance rate, at 92% for the 1,451 head offered.
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17 micron makes 2282c/kg clean and 18 micron 1950c/kg clean
The national wool offering remained steady last week, offering 43,940 bales at national selling centres, rising steadily from the 41,857 sold the previous week.
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Ewes and lambs bounce back from subdued demand
After several weeks of subdued clearance rates, demand bounced for ewes with LAF this week, with a 93% clearance rate for the 1,181 head offered driving a $31 increase on last week, to average $296/head.
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Finer wool a driver behind market gain
There was a reduced offering at physical selling centres, falling from 54,899 bales offered the previous week to 41,857 bales (42,949 estimated) last week.
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European and Indian buyers keep wool market buoyant
The AWEX Eastern Market Indicator (EMI) recorded an 8c decrease on both Tuesday and Wednesday before recovering 1c on Thursday to finish at 1,306c/kg, or 1,008c/kg in US dollar terms.
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Shedding lines and Merino lambs up in prices
In respect to prices, shedding lines finished the week up $13/head, at $239, while Merino wether lambs were up $1 on last week, at $141, while crossbreds were steady at $166/head.
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Buyer confidence in lamb market refreshed by rain
The online market for sheep and lambs was slightly softer last week, as some good rain through the south east reportedly refreshed buyer confidence, but also renewed seller expectations.
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Crossbred lambs up while first cross ewe lambs fall
With the first substantial rain since late March forecast for next week, restocker demand may rebound, with confidence also boosted by this week’s favorable three-month rainfall outlook from the Bureau of Meteorology.
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Australian wool production bounces back
The national wool offering increased to 50,836 bales last week at physical selling centres, with prices also rising.
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Crossbred and composite lamb prices slip back by $40
The largest decline in the lamb categories for the week was for the crossbred and composite/other categories, which slipped back $40 and $31/head, respectively.
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Chinese and European buying interest in finer micron wools
With seasonal changes and wet conditions on the way, it will be interesting to see the affect shearing rates and storage ability has on the market in coming weeks.
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Solid support returns for finer micron wool
The offering was met with a softer market throughout the week as the AWEX Eastern Market Indicator lost 7c/kg on Tuesday and a further 8c/kg on Wednesday, to close the week at 1291c/kg or 996c/kg in US dollars.
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