Wool, lamb, and Merino genetics, covering what's shaping Australia's sheep industry.
Merino Fleece delivered mixed fortunes with the 16.5 and 17 MPG’s increasing by 34c and 25c respectively, conversely price pressure was felt on the 17.5µ-20µ MPG’s which fell between 9c and 32c. The 21-22µ offering of Merino Fleece offered exclusively in Melbourne on Thursday attracted better competition and added 15c and 19c respectively. As we […]
It’s now time to consider nominating a worthy recipient for the 2023 Australian Wool Industry Medal.
Merino Fleece opened in Sydney with immediate corrections evident as the AUD rocketed up on the announcement from the RBA of holding the official cash rate steady, albeit temporarily. The 16.5-17.5 fleece lots fell up to 40c for the day with the best style affected, whilst the 18 μ and coarser merino fleece giving back […]
The Australian Livestock Exporters’ Council (ALEC) opposes the Labor Government’s moves toward banning the live sheep trade in Australia, following comments in Senate Estimates by the Federal Minister for Agriculture, Senator the Hon Murray Watt.
Merino Fleece success was mainly in the 19.5μ, and coarser lots which added 20-25c for the early part of the week whilst the18.5μ and finer lots continued their emerging cheaper trend. When analysing further it seems that the diminishing quality of the offering is influencing the market rather than the demand. The AWEX EMI closed […]
Discounted electronic identification (eID) ear tags are now available for the 2023 lamb and kid drop, as part of a Western Australian pilot to prepare for the adoption of the mandatory system for sheep and goats by January 2025.
WoolProducers Australia has been awarded an $800,000 Agricultural Trade and Market Access Cooperation (ATMAC) grant to build a roadmap for the diversification of export markets for Australian wool.
Australian Wool Innovation’s Chairman Jock Laurie says work is progressing well on developing a new form of biological defleecing with the University of Adelaide.
With the bottleneck in the local logistics in Melbourne dumps, exporters were extremely selective in their purchasing, which may be their only strategy to preserving their credit facilities for the upcoming weeks, unless more credit becomes available.
Merino Fleece saw the offering of less specialty superfine lots for the week and in place an increase of MF4 and MF5 style fleece. Last week also saw some large pastoral clips being offered with a noticeable increased in vegetable matter. Sydney saw the 16.5-18µ MPG’s adjust down by 58-99c whilst the 18.5-19.5 µ MPG’s […]
Merino Fleece had moments of hope throughout the week however the lots had to meet the tight specifications and favour was also given to the best prepared lots. Lots bearing low strength, high mid break and over length combinations were noticeably cheaper as exporter pushed the fleece lots with low CVH numbers. A combination of […]
It’s hard to fathom that this time last week the wool industry was riding high on the crest of a 50-100c rise in the merino MPG’s. I share the frustration of both buyers and sellers asking: “What causes the market to change sentiment from “extremely positive” to “extremely negative” on a dime? Whilst I am […]
