Sellers meet the market
Sellers “took the money” this week, meeting the market despite a choppy result. Good & good-average styles as times were heavily discounted as AWEX reported up to 18% of these offered lots did not meet seller’s reserves. The Eastern Market Indicator (EMI) fell 10ȼ to 1142ȼ/kg, with a cumulative fall of 70ȼ or 6.5% for […]
Across the week improvement in wool
A cautious opening eventually became a solid upward trend in the wool market this week. AWEX reported the strong close in the West on the first day provided the momentum for a solid final day in the East, culminating in a stronger market across the board. The Eastern Market Indicator (EMI) was 14ȼ better, or […]
Another week another slide
The EMI continued its recent downward trend, with a fifth week of softer prices. While the week closed with a slightly more positive trend, the EMI lost 6ȼ to close at 1,157 ȼ/kg clean. The fine end of the offering was the weak link, with the Sydney market posting 40 to 50-cent retracements for 18 […]
Softer wool market
Sellers reduced the offering in response to the recent weaker market, however the falling prices continued, with the only positive movements recorded in the Crossbred section. The Eastern Market Indicator (EMI) this week fell by 10ȼ to sit at 1186 ȼ/kg, while in US $ terms it was also easier giving up 5ȼ to sit […]
Wool markets gift to sellers
The penultimate wool sale of the year saw strong bidding across the board, as exporters “tucked in” to the large offering, while producers “rejoiced” at the strong finish to the year. This pushed the market to levels not seen since June/July and encouraged sellers to accept the stronger prices resulting in a very low pass-in […]
Market steadies as AUD rises
The wool market has eased slightly this week after a fortnight of good price rises. In a tale of two sales, fine wool found support while broader categories and cardings succumbed to the stronger Aussie dollar. The Eastern Market Indicator (EMI) eased 4ȼ to 1166ȼ/kg while in US dollar terms it continued to improve lifting […]
Merino wool market produces an up-lift
Keen competition for Merino fleece underpinned an 11¢ rise in the EMI to 1,139 ¢/kg clean this week. This encouraged sellers and resulted in good clearance with low pass-in rates across the auction centres. There was solid support for this week’s designated Superfine sale in Sydney, which produced solid price rises across the MPG range […]
How did the lamb market get here?
The last peak in lamb prices was 22 months ago, since then the lamb price (NSW trade lamb) has fallen 54%, hovering around 450¢/kg cwt. The question is, how did we get here and what is the outlook? The answer is entangled in a number of supply and demand factors that have created a market […]
Lack-lustre market
The market slid lower this week, with all sections struggling to maintain recent levels. The crossbred section ended its recent run of stronger prices to post 5 to 20¢ drops week on week. The Eastern Market Indicator (EMI) fell 10¢ to 1,128¢/kg, however, the weaker Au$ cushioned the decline in US¢, as the EMI in […]
Crossbred types show the way
Small gains were at best the only moves in the Merino section this week. However, it was again the crossbred section that sustained its recent positive run and lifted the EMI to 1,138 ¢/kg , a 3¢ improvement. Medium and broader Merino fleece MPGs were favoured at the expense of finer MPGs across the country […]
Market drifts lower
It was an unusual week of selling with a smaller offering spread across three selling days, with only Sydney and Fremantle selling on Thursday. While the market trended down early in the week there were bright spots on the final day. AWEX reported lack-lustre bidding on lots with higher CVH and/or VM content, this resulted […]
Buyers wary as Tassie lots shine
There was a cautious opening to this week’s market, and while some types gained support as the week unfolded, it was a mixed bag. Finer MPGs (17 & 17.5 MPG) ended the week higher (up 3 & 4ȼ respectively), with broader MPGs lower. Price falls in the Merino fleece sector produced this week’s 4ȼ reduction […]
