With wool prices still at record highs despite last week’s drop, agricultural commodities risk management specialist Southern Aurora Markets is urging growers to consider hedging by forward selling a portion of their clip as a buffer against a likely price downturn driven by declining demand.

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Merino ewes sold from $102 to $201 to average $144 on AuctionsPlus last week.

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Scattered rainfall combined with tighter supply has boosted already-resilient saleyard prices, with the Eastern States Trade Lamb Indicator (ESTLI) reaching 721¢/kg carcase weight (cwt) on Tuesday, 9¢/kg higher than the previous record set on Friday.

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Scattered rainfall combined with tighter supply has boosted already-resilient saleyard prices, with the Eastern States Trade Lamb Indicator (ESTLI) reaching 721¢/kg carcase weight (cwt) on Tuesday, 9¢/kg higher than the previous record set on Friday.

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The AWEX EMI closed the week on 1994c, down 62c at auction sales in Australia this week.

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Medium and heavy trade weights were $5 to $6 dearer on the finished lambs and sold from $134 to $188/head at SELX this week.

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The sheep and wool industry’s young guns were firmly in the spotlight at the MerinoLink annual conference last week, with the innovative “Hour of Power”.

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Scanned Border Leicester/Merino ewes sold from $122 to $250 to average $214 and several lines of scanned ewe lambs made $225 to $246 averaging $236 on AuctionsPlus.

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The AWEX EMI closed out the week (and the end of financial year) on 2056c – down 17c.

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ignificant impacts of sire selection on wool, carcase and fertility traits is set to draw commercial and stud producers to the Merino Lifetime Productivity (MLP) field day at the Trangie Agricultural Research Centre on July 11.

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Management of Ovine Johne’s Disease (OJD) in Australia beyond 2018 will continue as part of the Sheep Health Project at Animal Health Australia, enabling producers to still be able to use all the on-farm practices and tools currently recommended as part of a best practice approach to control.

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To help woolgrowers get the most from their rams, Australian Wool Innovation (AWI), in partnership with Zoetis, has developed a new, hands-on workshop called RAMping Up Repro.

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