Weekly Market Reports


17 April 2014

admin Macwool - Thursday, April 17, 2014

WEEKLY MARKET REPORT

Week Ending 17th April, 2014

AWEX Northern Micron Indices Comparison

AWEX INDEX

This Week

S42/13

This Week

M42/13

Last Sale

S41/13

Sydney Change

Last Year

Sydney

Sydney Yearly Change

17

1291

1291

1260

+31

1304n

-13

18

1253

1247

1223

+30

1196

+57

19

1206

1194

1157

+49

1177

+29

20

1172

1170

1126

+46

1141

+31

21

1166

1168

1125

+41

1124

+42

22

1138n

1140

1095n

+43

1102n

+36

26

764n

763n

740n

+24

751n (M)

+12 (M)

28

676

673

665

+11

600

+76

30

638

631n

633

+5

557

+81

MC

773

782

772

+1

715

+58

ANOTHER GOOD RISE BUT …..??

Last week’s recovery and momentum kept going into this sale - the final series before next week’s recess. All three centres exploded out of the blocks to average a 25 cent surge on the opening day, this being the largest daily rise in seven months. This solid rise was somewhat tempered by a final day hiccup in Melbourne and Fremantle as higher VM and lower yielding types were neglected but Sydney built on the previous day’s gains by around 10 cents. By week’s end the EMI added 29 cents (1048) to its value. Gains of 30 to 50 cents were common across all indicators with some of our better spec lots 20 to 30 cents better than the indicator. One lot of 18.8 with 1.3%vm made 35 cents better than the indicator and 36 cents higher than an FNF lot with identical micron, both lots over 40nkt, the latter with a high mid-break of 72% against 53%, this being the difference. Even dusty part tender lots were beneficiaries of the good market, some up to 15 cents higher than the indicators, (rarely seen in lower style types). Just 1611 bales of fleece were offered on Wednesday, the smallest daily selection in 5 years.

Skirtings continued on their merry way as both days recorded solid increases to see a 40 to 50 cent jump in prices with good length lots out to 8% vm being most keenly sought after. Crossbreds weren’t immune from the rising market as good alternate day jumps on the eastern seaboard saw 28s and finer add 10 to 30 cents to previous levels with broader indicators up to 5 cents higher. As was the case last week, cardings failed to fire with all types and descriptions in sellers’ favour on the east coast with Fremantle’s locks and crutchings easing by 5 cents late on the final day.

Something that clients might want to give some thought to is a new service from Ag Concepts, our forward marketing specialists in Bendigo. “Mecardo, Expert Market Analysis” is an information service that delivers in-depth commentary for Australian cattle, sheep, wool and grain markets in a concise easy-to-read format, providing an independent, commercial perspective on these commodity markets and their outlook. There is a FREE 3 month trial on offer, this being 2 months longer than the usual 30 day offer. This is an excellent information service that should be looked at by one and all. Please go to the link below and have a look, or contact your wool rep for further assistance on this thoroughly recommended site. Click here

It would be remiss of us not to mention the new shearing world record that was created at Don and Pam Mudford’s Parkdale Merino Stud on 5th April. Prior to this attempt, no record was recorded for adult, 2yo, merino ewes being shorn in an 8 hour day. Two local shearers, Steve Mudford and Bob White and WA gun Beau Guelfi shore 1289 ewes in the 8 hours with Beau just 5 sheep short of the 8 hour record, 461. Next best was Bob with 432 down the shoot and Steve’s tally adding up to 396. A massive crowd was on hand with around 1000 people witnessing the final run with our very own Hunter Leeson, helping out and doing the wool-classing. Well done to everyone involved not-the-least the Mudford family for presenting the sheep in top order  to attempt the record but to provide the shed and all the organising that went with the day was a monumental effort! Our next wool sale will be in the final week of April, hopefully to a solid market. Have a good Easter/Anzac break.

Main Buyers (This Week)

1

Techwool

4665

2

Fox & Lillie

3788

3

Lempriere (Aust)

2668

4

PJ Morris

2633

5

Aust. Merino Exp

2314

6

Modiano (Aust)

1982

7

Chinatex (Aust)

1945

8

QLD Cotton

1395

9

Vic Wool Proc.

1079

 

        Eastern Market Indicators (AUD cents/kg clean)                                    AUD/USD Currency Exchange

        1048 cents é 29 cents compared with 11/04/2014                                 0.9372 ê 0.0037 compared with 11/04/2014

        Northern Market Indicators (AUD cents/kg clean)

        1067 cents é 35 cents compared with 11/04/2014

Comments
Post has no comments.
Post a Comment





Trackback Link
http://www.macwool.com.au/BlogRetrieve.aspx?BlogID=4383&PostID=466211&A=Trackback
Trackbacks
Post has no trackbacks.