Survey on impacts of COVID on wool production
Peak woolgrower representative body, WoolProducers Australia has released a survey for woolgrowers to capture the impacts of COVID-19 on Australia’s wool growing businesses.
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Demand remains for fine wool for knitwear
The wool market has continued down its negative path this week. Global uncertainly and further trade tensions with China have put pressure on market which continues to shed value.
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First cross ewes hit a record $446 on AuctionsPlus
Prices increased for first cross ewes as they sold between $215 and $446 to average $362, up $4 from last week.
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Pastoral and rangelands specific manual developed
Recognising a need for a pastoral/rangelands specific manual, AWI is in the process of developing a program that will work within these regions.
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Producers hold on to sheep to rebuild flocks
Eastern states sheep slaughter continued to contract for the week ending May 15, reported at 43,600 head.
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Merino ewe lambs up $7 to top of $301
Merino ewe lambs sold from $150 to $301, averaging $222, up $7 on last week, while demand for this category corrected with a 73% clearance.
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Extension a focus for biosecurity strategy
The Australian sheep and wool industries are set to receive greater support in implementing proactive biosecurity measures, through the appointment of a specialist extension resource at Animal Health Australia (AHA), based in South Australia.
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Pandemic wreaks havoc on wool market
The global pandemic is well and truly wreaking havoc on the wool market as a high level of uncertainty and very little direction as to when life will return to normal causing low demand.
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Gradual downturn in overall wool production
Bales offered continue to drop, with 23,000 available in the auctions last week. The low supply did nothing to stop the drop in the EMI, finishing the week down at 1225c, down 47c or 3.7%.
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Demand for merino ewe lambs remains strong at $281
Merino ewe lambs sold from $135 to $281. Whilst the offering saw a correction on previous high prices, demand for the category was favourable, achieving a 90% clearance.
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Merino ewe lambs hot property at $321
Merino ewe lambs increased by $16 to average $239, selling from $145 to $321.
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Wool market holding ground
The wool market appears to be holding somewhat firm on the shaky grounds COVID-19 has caused.
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