The wool market experienced a slight increase last week with most micron price indicators having mixed movements across all selling centre’s.

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First cross ewe lambs were up $9 from last week off the back of recent rain with Central West buyers purchasing 15% of the AuctionsPlus catalogue.

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The wool market has bounced back to see the largest rise since AWEX began reporting back in 1995.

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Merino wether lambs sold to a top of $141, for an average of $112, down $2 on last week on AuctionsPlus.

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The wool market experienced a sharp decline this week with all micron price indicators down across all selling centres.

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Merino ewe lambs sold from $62 through to $240, returning an average price of $145, down $29 on last week on AuctionsPlus.

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Buyers are now more aware of when the price gap widens between slaughter ready lambs and lighter categories, with restocker and feeder buyers quickly entering the market, closing any premium.

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Merino ewe lambs ranged from $93.50 through to $242, returning an average price of $174.50 on AuctionsPlus.

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The wool market continued its negative trend last week, however with smaller reductions as opposed to the extreme falls that the market had taken.

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This year is an important year for woolgrowers to have their say in their representation of levy expenditure via the Australian Wool Innovation (AWI) director elections.

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Sheep producers are reminded to keep biosecurity in mind when buying rams this season.

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Sheep and goat producers and industry are invited to have their say on the future amount of the state’s sheep and goat duty, which is under review.

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