Rise in Aussie dollar impacts wool prices as Merino back 20c/kg
Wednesday saw a sharp rise in the AUD, which in turn started to impact prices, which were reflected in the Merino MPG’s. All MPG’s gave back 5c to 20c with the exception of the 19 MPG.
Wool, lamb, and Merino genetics, covering what's shaping Australia's sheep industry.
Wednesday saw a sharp rise in the AUD, which in turn started to impact prices, which were reflected in the Merino MPG’s. All MPG’s gave back 5c to 20c with the exception of the 19 MPG.
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Sheep producers can expect to be rewarded with sustained high prices for their heavy and trade lambs over the next year as Australian processors chase the American rainbow.