Sheep

Wool production continues to fall in ongoing drought

The Australian Wool Production Forecasting Committee (AWPFC) has revised its forecast of shorn wool production for the 2018/19 season to 298 million kilograms (mkg) greasy, a 12.7% decline on the 2017/18 season and lower than its forecast of 305 mkg (-10.8%) at its November 2018 meeting.

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Wether lambs post a high of $126 on AuctionsPlus

Merino wether and wether lamb supply on AuctinsPlus fell last week to total 7,241 head, translating to fiercer competition from buyers looking to take advantage of the strong wool market, to see complete clearance across the category.

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