WEEKLY MARKET REPORT Week Ending 30th August, 2019 AWEX Northern Micron Indices Comparison
ANOTHER DISASTROUS WEEK! Just when there was a glimmer of hope the market might steady, woolgrowers were hit between the eyes with a sledgehammer for the second time in 3 sales!! The market took another savage hit with all microns recording triple figure losses, < 18.5 back by 90 to 110 cents while 19s and broader collapsed by 135 to 170 cents with only the very best types immune from the almost complete lack of support. Skirtings fared worse as better style, low VM types fell 70 to 100 cents while burrier (> 4%) lots with col and dust were quoted 180 to 250 cents from last sale’s levels. Cardings were also savaged by a lack of demand - all types in this sector reduced by 80 to 140 cents. The MCI has now lost an average of 93 cents for the past 2 sales and now sits at 806 a percentage ranking of just 6, meaning it has been higher 94% of the time over the past 5 years. Crossbreds came through the sale virtually unscathed - losses ranging from to 25 cents. The pass-in rate climbed to 35% with 18% withdrawn which saw 47% of the original volume rostered for sale actually sold. On a brighter note, our seminar on Sheep Welfare and Husbandry Best Practice was attended by 90 woolgrowers keen to hear the guest speakers from wool buyers to vets and reps from current products and gain insight into some newly released products that can assist growers in the absolute best practice welfare for their sheep. It was a very informative day with the message coming through loud and clear that from the consumer who buys woolen garments to vets, whether your sheep are mulesed or non-mulesed, the best welfare practice is critical. The National Merino Sheep Show and Ram Sale was held in Dubbo this week as the drought tightens its grip and the wool market continued its dramatic fall. Talk of a tough sale was spot on as the clearance rate fell to 53%. Roseville Park topped the sale with a ram selling for $22,000 and a $7,000 average; Langdene averaged $3166; and Alfoxton from Armidale who won the Supreme Champion Ram sold another for $16,000. A few buyers have reported good volumes of business overnight that hopefully might stop the rot next week. Ag Concepts Fwd Prices as at 30 August, 2019
Free knitted woollen jumpers for poddy lambs. Call into our office in Dubbo or Macdonald Rural at Brewarrina and take as many as you need. Many colours and styles to choose from! |
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Main Buyers (This Week)
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