Merino fleece posts best weekly increase while skirtings up 10-20c/kg
Merino Fleece posted some of the best weekly increases for some time with the upward range spanning 10c to 38c in the Northern MPG’s whilst the Southern MPG’s added 5c to 28c.
Sheep
Wool, lamb, and Merino genetics, covering what's shaping Australia's sheep industry.
Solid rises in crossbred wools and Merino skirtings fully firm
The AWEX EMI closed on 1221c, up 9c at auction sales in Australia with 23,623 bales going under the hammer with Sydney and Melbourne centres offering, with Fremantle sitting out for the penultimate sale before the 3-week recess.
Superior style and specified Merino wool top by 30-40 cents
The Merino Fleece market saw the better style and specified lots open strongly, with rises in the 16.5- 19 MPG’s. 19.5-20 MPGs measured a 20c decrease last week which was more an alignment between centres rather than a decrease in price.
Wool Producers working to get the footrot vaccine back to wool growers
Footrot is an inflammatory bacterial disease effecting the feet of sheep. More extreme (virulent) cases can result in detachment of the horn of the hoof, leading to lameness, ill thrift and secondary conditions, such as flystrike.
Merino fleece and skirtings hold firm while Merino cardings are marginally subdued
Tuesday’s Merino fleece market opened with slightly better results in all sectors with 17.5,19 & 20 MPG’s holding firm the 17.0, 18.0 & 18.5 MPG rising between 1 and 5c and the 19.5 MPG falling by 8c.
China purchasing 86 per cent of the Australian wool clip in challenging market conditions
Last week saw the merino fleece MPG’s 17.5µ and coarser rise between 8-24c in Sydney and Fremantle whilst the corresponding MPGs in Melbourne lost between 4c to 7c.
Australian based trading exporters remain cautious in wool market off trade negotiations
Merino fleece remained fragile unless the specifications were within range of the Chinese standard specifications. In addition, superior style and specified lots suitable for Italian orders remained in keen demand and they also maintained their previous weeks price basis.
Shorn wool production drops by 11.8 per cent in drought conditions
The Australian Wool Production Forecasting Committee (AWPFC) has updated its forecast of shorn wool production for the 2024/25 season. The fourth forecast is for production of 280.1 million kilograms (Mkg) greasy. This is 11.8% lower than the 2023/24 season estimate.
Drought affected fleece lots with low yield affecting prices for wool
Despite the general decline in price the better style held closer to the previous levels, any Merino lots that fell outside the standard specifications for VM Cott or Colour felt the full force of the downward price correction.
Dohne genetics boosting the wool cheque in a composite ewe flock
Dohne genetics are not only adding growth potential and milk but also boosting the wool income for a northeast Victorian composite flock producing prime lambs.
Wool market performs postively despite economic turmoil from tariff announcements
The AWEX EMI closed on 1262c, up 13c at Auctions Sales held in Australia last week where economic turmoil was the lead story, the wool market performed positively for sellers considering the extent the world’s financial market reacted to the tariff wars between the US and their trading partners.
Reports of new orders for Chinese, Indian and European mills emerged as week progressed
Tuesday’s market opened tentatively, with a large percentage of the MPGs closing slightly below or equal to last week’s levels. Exceptions included the 17.5µ and 18µ MPGs, which performed slightly better across the eastern selling centres.
