Merino ewe lamb prices steady at $211 average
Merino ewe lamb prices remained steady on last week selling from $140 to $270 to average $211 on AuctionsPlus.
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Merino ewe lamb prices remained steady on last week selling from $140 to $270 to average $211 on AuctionsPlus.
For the first time in many weeks the Australian Wool market has seen positive growth.
First cross ewes had another great push on AuctionsPlus with clearance rates hitting 93% and prices ranging from $261 to $431, averaging $376, up $11.
The AWEX Eastern Market Indicator made up a portion of the ground lost last week, finishing Wednesdays auctions at 1,170c, up 15 cents.
After last week’s record-breaking price for first cross ewes, prices remained strong for this category selling from $296 to $436, averaging $364, down $1.
Peak woolgrower representative body, WoolProducers Australia has released a survey for woolgrowers to capture the impacts of COVID-19 on Australia’s wool growing businesses.
The wool market has continued down its negative path this week. Global uncertainly and further trade tensions with China have put pressure on market which continues to shed value.
Prices increased for first cross ewes as they sold between $215 and $446 to average $362, up $4 from last week.
Recognising a need for a pastoral/rangelands specific manual, AWI is in the process of developing a program that will work within these regions.
Eastern states sheep slaughter continued to contract for the week ending May 15, reported at 43,600 head.
Merino ewe lambs sold from $150 to $301, averaging $222, up $7 on last week, while demand for this category corrected with a 73% clearance.
The Australian sheep and wool industries are set to receive greater support in implementing proactive biosecurity measures, through the appointment of a specialist extension resource at Animal Health Australia (AHA), based in South Australia.