The market opened with a positive result on Tuesday as Sydney played catch-up to the strong finish of last weeks market, while Melbourne was quoted as ‘firm’.
This trend continued to the close on Wednesday with solid competition and a good clearance rate despite the headwind of a surging AUD.
Earlier this week Mecardo showed how staple strength was having little effect on the price of merino fleece, discounts and premiums are minimal even for
Feedback indicates demand in the greasy wool market is skewed to Merino knitwear types, with much reduced demand for worsted (longer) Merino wool as Chinese
Independent analysis and outlook for wool, livestock and grain markets delivered to you as it’s published
Listen to the podcast
Join the Mecardo team for the Commodity Conversations podcast, where we provide short weekly market recaps and longer conversations with guests to discuss the issues affecting the agricultural industry.
Research: Impact of the live sheep export moratorium
In this report for LiveCorp and MLA, we consulted with stakeholders in the sheep supply chain to identify the impact of the moratorium on the live sheep export trade.
We don’t just bring you the most up to date market insights. Find out more about Mecardo’s services including risk management advisory, modelling, benchmarking, research & consultancy.
Supply low, AUD strong & market positive
Positive news all round
One quick way to check on the wool market is to look at the pass-in rate. This week it was 2.7% nationally; the last time
Staple strength discounts – 10 year percentiles
Earlier this week Mecardo showed how staple strength was having little effect on the price of merino fleece, discounts and premiums are minimal even for
Staple strength – not an issue
Feedback indicates demand in the greasy wool market is skewed to Merino knitwear types, with much reduced demand for worsted (longer) Merino wool as Chinese
Wool has a little run
Last week the reduced offering was noted as a contributor to the turnaround in the wool market, however this week a 5.3% EMI rise was
Don’t have an account with us? Join free.
You can have full premium access to all of our content with a monthly or annual subscription.
Alternatively, create a free account to access our Insights blog and two free premium article a month!
Independent analysis and outlook for wool, livestock and grain markets delivered to you as it’s published
Listen to the podcast
Join the Mecardo team for the Commodity Conversations podcast, where we provide short weekly market recaps and longer conversations with guests to discuss the issues affecting the agricultural industry.
Research: Impact of the live sheep export moratorium
In this report for LiveCorp and MLA, we consulted with stakeholders in the sheep supply chain to identify the impact of the moratorium on the live sheep export trade.
SERVICES AND CAPABILITIES STATEMENT BROCHURE
We don’t just bring you the most up to date market insights. Find out more about Mecardo’s services including risk management advisory, modelling, benchmarking, research & consultancy.