The AWEX Eastern Market Indicator rose 7c on Wednesday but fell 8c on Thursday, closing out the selling week at 1,309c/kg greasy, or 1,014c/kg in US dollar terms.
Merino Fleece finished the week in a slightly weaker position in AUD terms, however the exporter competition was widespread and variable throughout the week.
The national wool offering for last week remained on par with last week after 52,656 bales were predicted while 50,596 bales were available – an increase of 458 bales on the previous week.
One lamb price category to register an increase in supply last week was Merino wethers, with an additional 12% offered – with the average price slipping $14/head, to $134/head.
The national sheep flock is set to enter a significant rebuilding phase in 2021 on the back of improved seasonal conditions in key sheep production regions of eastern Australia, according to Meat & Livestock Australia’s 2021 Sheep Industry Projections released this month.
The AWEX Eastern Market Indicator climbed 17c on Tuesday, 23c on Wednesday and a further 3c on Thursday to close out the selling week at 1,318c/kg, or 1,022c in US dollar terms.
Across the lamb categories, first cross and Merino ewe lambs jumped $20/head and $26/head, from the previous week, averaging $250/head and $209/head, respectively.
The AWEX Eastern Market Indicator dropped 11c on Tuesday and a further 1c on Wednesday to close out the selling week at 1273c/kg, or 985c in US dollar terms.
On several properties in the last couple of months, owners and managers have discovered quite a few big, fat, previously healthy British breed cross ewes that are either dull and sick or dead.