A decrease in the supply of restocker weight lambs through saleyards has started to impact prices, with the national restocker indicator above trade weights since the beginning of October.

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The Australian wool market made consistent and sustainable steps forward last week, after months of yo-yoing up and down.

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Selling for an average of $209, an increase of $34, Merino ewe hoggets saw a price range from $85 to $282 on AuctionsPlus.

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Last week saw the wool market regain a level of normality, contrasting previous weeks dramatic rises and falls.

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Merino ewe lambs sold from $58 to tops of $225 and averaged $145, down $32 on the previous week on AuctionsPlus.

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Applications from young sheep and wool handlers for the 2020 Peter Westblade Scholarship and Wyvern training weekend are now open.

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The lamb market is beginning to see the impacts of new season lambs entering the market in greater numbers, with Tuesday's Eastern States Trade Lamb Indicator (ESTLI) decreasing 25¢ on the week prior.

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In a difficult season with reduced feed supplies, it can be more economical to early-wean lambs from their mothers to lower feed costs and ensure that the ewes regain condition before joining.

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Australian Wool Innovation (AWI) shareholders are now entitled to vote on the resolutions to be put the company’s Annual General Meeting following the despatch of the formal Notice of Meeting (NOM) and proxy forms.

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Australian Wool Innovation’s (AWI) Board Nomination Committee (BNC) has presented its independent, non-binding recommendations to shareholders, naming four director candidates it believes have the optimal skills and experience to serve on the board of the company.

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The wool market’s roller-coaster ride continued last week seeing the market gain some of what was lost the previous week.

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Demand for Merino ewe lambs was strong this week with the category returning a 92% clearance, and selling from $77 to $231, to average $162, up $26 on last week.

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