Slaughter way back but prices steady

Sheep in Yard

Sheep and lamb markets are past the Easter break, but we’ll have to wait until next week to see how supply came through. The two Easter impacted weeks saw very low slaughter, and it will have picked up this week, with prices seemingly maintaining historically strong levels. We can see in figure 1 that processors […]

Apparel slowdown weighs on wool market

Wool being inspected

It is now becoming clearer how the COVID-19 virus is impacting on the wool market. Bale clearance at auction is down with mills either not operating or at reduced capacity, finance of the wool pipeline more difficult, and retail demand uncertain or in lockdown impacting on garment orders. There is an air of determination from […]