Wool, lamb, and Merino genetics, covering what's shaping Australia's sheep industry.
The pre-sale market sentiment was cautious at best for the 37,725 bales on offer and Tuesday’s sale resulted in the EMI falling 2c, with the 18-21 MPG’s giving back 10-25c on last week’s closing market.
Hunter sheep farmers are continuing to see large scale production loss due to flystrike cases across the region.
Merino ewe lambs made up lost ground from last week, with the category averaging $177/head – up $14 from last week. However, clearance rates continue to be well below average for this category, at only 29% for the week.
The week started with the market intelligence indicating a rise of 20-30c in the merino categories, and to the satisfaction of sellers, Tuesdays merino MPG’s added between 15 and 40c with the EMI gaining 11c for the day (1330c).
Merino categories were by far the most popular breed on AuctionsPlus, with a total of 9.57 million head listed, or 46% of total listings since 2016 – followed by Border Leicester/Merino categories which had 2.23 million head or 11% of total listings since 2016.
The current good feed supply does not mean that good sheep production will necessarily follow. Small increases in the body weight and fat score of your sheep can and will determine a number of profit drivers of your flock.
Since news of the Chinese Government department uniform orders, it has been the broader MPG’s receiving the most support from the Chinese indent and trading exporters.
Tight saleyard supply has continued to place upward pressure on prices in recent weeks, with a milder than average spring and continual rainfall supporting producers’ attitudes to add weight and hold lambs for longer.
New season lamb numbers totalled 106,046 head last week, with mixed results across the six categories, as lighter lines and reduced buyer tenacity resulted in decreased clearance rates.
Timing is running out to vote in the upcoming Annual General Meeting of Australian Wool Innovation.
The top priced 20µ micron lot sold for 1,025c/kg greasy, or 1,387c/kg clean. The top priced lot for the month was 2 bales of “CRESSBROOK” branded 15.5µ micron wool offered by Nutrien Ag Solutions – NSW.
New season lamb numbers totalled 114,746 head last week. The surge in numbers is a combination of several factors, but ultimately underpinned by the excellent lambing rates from the positive seasonal conditions across the eastern seaboard in 2021.
