Wool, lamb, and Merino genetics, covering what's shaping Australia's sheep industry.
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.
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.
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 are not only adding growth potential and milk but also boosting the wool income for a northeast Victorian composite flock producing prime lambs.
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.
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.
The AWEX EMI closed on 1250c up 8c at auction sales in Australia last week experiencing a stronger exchange rate as well as dealing with 40,144 bales offering.
The AWEX EMI closed on 1242c, up 17c at auction sales held in Australia last week with 38,246 bales went under the hammer and a 95.7% clearance to some bullish bidders.
A comprehensive sire evaluation trial rated as “gold standard” has provided evidence-based data on the Dohne breed’s profitable wool, carcase, reproduction and eating quality traits.
A wool focused workshop, instigated by WoolProducers Australia, was held on February 21 in Fremantle to bring home the reality of the disastrous government decision to ban the live export of sheep by sea and the impacts on the wool industry.
The AWEX EMI closed on 1184c, down 8c at auction sales in Australia last week, fom the 41908-bales offered, 91.8% cleared to the trade.
Merino Fleece experienced increased competition last week, adding 10c-56c across the Northern and Southern MPG’s. Wednesday’s selection consisted of mainly FNF wool in the Northern region. The auction room seemed ambivalent to the fluctuating USD with the 19.0 micron and coarser posting solid weekly rises. The 17-18.5MPG’s posted smaller gains as the European interest waded […]
